The 1988–89 Full Members' Cup (also known as the Simod Cup for sponsorship reasons) was the fourth edition of the tournament created to compensate for the ban on English clubs from European football following the Heysel Stadium disaster. It was won by Nottingham Forest, who beat Everton 4–3 in the final at Wembley.

Liverpool, Arsenal, Manchester United and Tottenham opted out of this competition.

Southampton (1) v Stoke City (2)

8 November 1988	Southampton (1)	3–0	Stoke City (2)	The Dell
	Wallace

Chelsea (2) v Plymouth Argyle (2)

9 November 1988	Chelsea (2)	6–2	Plymouth Argyle (2)	Stamford Bridge
	K. Wilson 37' McAllister 50', 72' Clarke 65' Roberts 76' McLaughlin 87'		Stuart 53' McCarthy 63' ( pen.)

Bradford City (2) v Chelsea (2)

30 November 1988	Bradford City (2)	2–3	Chelsea (2)	Valley Parade
	Thomas 72' Palin 83' ( pen.)		Dixon 23' Roberts 45' ( pen.) Wood 60'

Everton (1) v Millwall (1)

20 December 1988	Everton (1)	2–0	Millwall (1)	Goodison Park
	Hurlock 36' ( o.g.) Cottee 37'

Chelsea (2) v Nottingham Forest (1)

10 January 1989	Chelsea (2)	1–4 ( a.e.t.)	Nottingham Forest (1)	Stamford Bridge
	Dixon 58'		Chapman 54' Gaynor 104' Pearce 108' ( pen.) Parker 114'

Middlesbrough (1) v Coventry City (1)

11 January 1989	Middlesbrough (1)	1–0	Coventry City (1)	Ayresome Park
	Davenport

18 January 1989

Wimbledon (1)	1–2	Everton (1)
Scales 18'		Clarke 58', 81'

Attendance: 2,477

28 February 1989

Everton (1)	1–0	Queens Park Rangers (1)
Nevin 68'

Attendance: 7,072

30 April 1989

Nottingham Forest (1)	4–3 ( a.e.t.)	Everton (1)
Parker 30', 67' Chapman 92', 117'		Cottee 8', 101' Sharp 49'

Attendance: 46,606

Referee: Allan Gunn

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Nottingham Forest No. Pos. Nation Player 1 GK   ENG Steve Sutton 2 DF   ENG Brian Laws 3 DF   ENG Stuart Pearce 4 DF   ENG Des Walker 5 DF   SCO Terry Wilson 6 MF   ENG Steve Hodge 7 MF   IRL Tommy Gaynor 8 MF   ENG Neil Webb 9 FW   ENG Nigel Clough 10 FW   ENG Lee Chapman 2 11 MF   ENG Garry Parker 2 12 (sub) DF   ENG Steve Chettle 14 (sub) MF   ENG Franz Carr Manager   ENG Brian Clough

Everton No. Pos. Nation Player 1 GK   WAL Neville Southall 2 DF   ENG Neil McDonald 3 DF   WAL Pat Van Den Hauwe 4 DF   WAL Kevin Ratcliffe 5 DF   ENG Dave Watson 6 MF   ENG Paul Bracewell 7 MF   ENG Trevor Steven 8 MF   SCO Pat Nevin 9 FW   SCO Graeme Sharp 1 10 FW   ENG Tony Cottee 2 11 MF   IRL Kevin Sheedy sub MF   SCO Stuart McCall Manager   ENG Colin Harvey

• First round
• Second round
• Third round
• Quarter-final
• Semi-final
• Final