The Grecians finished 14th in League 3 South, lost 3-1 to Torquay United in the FA Cup and lost to Bournemouth in the 1st Round of the Third division south cup.


First Team 
Results

27/08/1938	Cardiff City	A	W	2-1	25000	Rich	Bowl
01/09/1938	Queens Park Rangers	A	L	0-5	12000	:
03/09/1938	Ipswich Town	H	W	3-0	10000	McLuckie (og)	Ebdon	Millar
07/09/1938	Mansfield Town	H	W	2-0	6427	Turnbull	Ebdon
10/09/1938	Reading	A	D	1-1	10066	Bowl
17/09/1938	Bristol Rovers	H	W	2-1	8500	Ebdon 2
24/09/1938	Brighton and Hove Albion	A	L	1-6	9372	Millar
01/10/1938	Bournemouth and Boscombe Athletic	H	D	0-0	7000	:
08/10/1938	Walsall	A	W	2-1	6786	Bussey	Rich
15/10/1938	Torquay United	H	L	1-2	9014	Millar
22/10/1938	Newport County	A	D	0-0	11261	:
29/10/1938	Port Vale	H	L	1-3	6874	Bowl
05/11/1938	Watford	A	L	2-4	7256	Ebdon	Rich
12/11/1938	Crystal Palace	H	D	4-4	5510	Collins (og)	Liddle	Bowl	Riley
19/11/1938	Bristol City	A	L	1-4	8302	Bowl
03/12/1938	Notts County	A	L	1-3	11000	Rich
10/12/1938	Northampton Town	H	W	3-2	3560	Ebdon	Riley	Bowl
17/12/1938	Swindon Town	A	L	1-2	6819	Fellowes
24/12/1938	Cardiff City	H	D	1-1	4000	Riley
27/12/1938	Southend United	H	D	3-3	9653	Bussey	Mackenzie (og)	Ebdon
31/12/1938	Ipswich Town	A	D	2-2	13000	Bussey	Ebdon
07/01/1939	Aldershot	H	D	3-3	5876	Bowl 2	Ebdon
14/01/1939	Reading	H	W	3-2	4662	Bowl	Bussey	Riley
21/01/1939	Bristol Rovers	A	L	1-4	5000	Riley
28/01/1939	Brighton and Hove Albion	H	D	2-2	5152	Bowl 2
04/02/1939	Bournemouth and Boscombe Athletic	A	L	0-2	5692	:
15/02/1939	Walsall	H	W	3-2	2228	Bussey	Ebdon	Bowl
18/02/1939	Torquay United	A	W	1-0	7050	Riley
25/02/1939	Newport County	H	W	3-1	9370	Bowl 2 (1p)	Riley
04/03/1939	Port Vale	A	L	2-3	6240	Bowl	Riley
11/03/1939	Watford	H	L	1-3	5150	Riley
18/03/1939	Crystal Palace	A	L	2-3	9521	Bowl 2
25/03/1939	Bristol City	H	D	1-1	4847	Bowl
01/04/1939	Aldershot	A	L	0-2	3642	:
07/04/1939	Leyton Orient	A	D	3-3	8700	Bowl 2	Hearty (og)
08/04/1939	Notts County	H	W	1-0	5931	Ebdon
10/04/1939	Leyton Orient	H	W	2-1	8700	Bowl	Ebdon
12/04/1939	Southend United	A	W	1-0	5931	Bowl
15/04/1939	Northampton Town	A	D	0-0	4207	:
22/04/1939	Swindon Town	H	D	0-0	4622	:
29/04/1939	Queens Park Rangers	H	D	1-1	3348	Sutherley
06/05/1939	Mansfield Town	A	L	2-4	2500	Bowl 2

Final Table

League Division 3 (South)
                              P   W  D  L   F   A   W  D  L   F   A  Pts
 1. NEWPORT COUNTY           42  15  4  2  37  16   7  7  7  21  29   55
 2. Crystal Palace           42  15  4  2  49  18   5  8  8  22  34   52
 3. Brighton & Hove Albion   42  14  5  2  43  14   5  6 10  25  35   49
 4. Watford                  42  14  6  1  44  15   3  6 12  18  36   46
 5. Reading                  42  12  6  3  46  23   4  8  9  23  36   46
 6. Queen's Park Rangers     42  10  8  3  44  15   5  6 10  24  34   44
 7. Ipswich Town             42  14  3  4  46  21   2  9 10  16  31   44
 8. Bristol City             42  14  5  2  42  19   2  7 12  19  44   44
 9. Swindon Town             42  15  4  2  53  25   3  4 14  19  52   44
10. Aldershot                42  13  6  2  31  15   3  6 12  22  51   44
11. Notts County             42  12  6  3  36  16   5  3 13  23  38   43
12. Southend United          42  14  5  2  38  13   2  4 15  23  51   41
13. Cardiff City             42  12  1  8  40  28   3 10  8  21  37   41
14. Exeter City              42   9  9  3  40  32   4  5 12  25  50   40
15. Bournemouth              42  10  8  3  38  22   3  5 13  14  36   39
16. Mansfield Town           42  10  8  3  33  19   2  7 12  11  43   39
17. Northampton              42  13  5  3  41  20   2  3 16  10  38   38
18. Port Vale                42  10  5  6  36  23   4  4 13  16  35   37
19. Torquay United           42   7  5  9  27  28   7  4 10  27  42   37
20. Leyton Orient            42  10  9  2  40  16   1  4 16  13  39   35
21. Walsall                  42   9  6  6  47  23   2  5 14  21  46   33
22. Bristol Rovers           42   8  8  5  30  17   2  5 14  25  44   33

FA Cup

1938/39
26 November 1938	Torquay United	Away	1-3	8500	Riley	R1

3rd Division South Cup

1938/39
19/10/1938	Swindon Town	Away	3-2	Rich 2, Walker	1000	R1
01/02/1939	Bournemouth	Home	1-2	Riley	1000	R2

Friendlies

1938/39
			Exeter score 1st
13/08/1938	Stripes v Whites	Home	2-2		Liddle, Ebdon v Griffiths 2.	1st Practice Match
20/08/1938	Plymouth Argyle	Away	3-5	6807	Bussey, Bowl 2.	FA Jubliee Funds Match
11/02/1939	Ilfracombe	Away	5-6	2000	Rich 2, Brenton 2, Mortimore
03/05/1939	Torquay United	Neutral	2-2	2000	Bowl, Southcombe	Exhibition at game at Bideford

Reserves
Southern League 
Results

Southern League
27/08/1938	League	Cardiff City	Home	2-1	Southcombe	Turnbull
31/08/1938	Friendly	Bideford U	Away	1-1	Griffiths
03/09/1938	League	Bath City	Away	0-1	:
10/09/1938	League	Chelmsford City	Home	1-0	Bamsey (p)
17/09/1938	League	Bristol Rovers	Away	1-3	Gueran
24/09/1938	League	Colchester	Home	2-1	Bussey	Worton (og)
01/10/1938	League	Tunbridge Wells	Away	1-8	Gueran
15/10/1938	League	Torquay United	Away	2-2	Riley 2
22/10/1938	League	Newport County	Home	0-2	:
26/10/1938	Cup 1	Torquay United	Home	2-1	Millar
29/10/1938	League	Gillingham	Away	1-3	Pollard
02/11/1938	League	Arsenal	Away	0-9	:
05/11/1938	League	Worcester City	Home	3-0	Bussey 2 (1 p)	Pollard
12/11/1938	League	Barry	Away	5-1	Bussey	Pollard 2	James	Barnes
19/11/1938	League	Tunbridge Wells	Home	1-5	Coles
26/11/1938	League	Barry	Home	3-1	Bussey 2 (1 p)	Jones
03/12/1938	League	Guildford City	Home	1-1	Pollard
10/12/1938	League	Guildford City	Away	1-8	Bussey
17/12/1938	League	Swindon	Home	1-3	Turnbull
24/12/1938	League	Cardiff City	Away	2-1	Turnbull	Mellish
26/12/1938	League	Plymouth Argyle	Home	0-4	:
31/12/1938	League	Norwich City	Home	0-1	:
07/01/1939	League	Aldershot	Away	0-5	:
14/01/1939	League	Norwich City	Away	1-2	H. Branton
21/01/1939	League	Bristol Rovers	Home	4-4	Mortimer	Turnbull 2	Millar
28/01/1939	League	Folkestone	Away	1-6	Millar
04/02/1939	League	Bath City	Home	0-0	:
08/02/1939	League	Arsenal	Home	0-1	:
11/02/1939	League	Ipswich Town	Home	1-1	Riley
18/02/1939	League	Torquay United	Home	0-0	:
25/02/1939	League	Newport County	Away	0-5	:
04/03/1939	League	Gillingham	Home	1-3	Sutherley
08/03/1939	League	Dartford	Home	3-0	Mellish	Coles	Bussey
11/03/1939	League	Colchester	Away	1-6	Bussey
18/03/1939	League	Yeovil & Petters	Home	0-1	:
25/03/1939	League	Worcester City	Away	1-0	Bussey
29/03/1939	League	Ipswich Town	Away	1-2	W.Morrish
01/04/1939	League	Aldershot	Home	3-2	Mellish 2	Turnbull
07/04/1939	League	Plymouth Argyle	Away	2-6	Mellish	Turnbull
08/04/1939	League	Cheltenham T	Away	2-2	Rich 2
10/04/1939	League	Chelmsford City	Away	0-4	:
15/04/1939	League	Folkestone	Home	0-1	:
22/04/1939	League	Swindon	Away	1-0	Rich
27/04/1939	League	Yeovil & Petters	Away	0-0	:
29/04/1939	League	Dartford	Away	0-0	:
06/05/1939	League	Cheltenham T	Home	2-1	Rich	W.Morrish

FINAL TABLE 
SOUTHERN LEAGUE 
1938-'39


 1. Colchester United          44  31  5  8 110-37 67
 2. Guildford City             44  30  6  8 126-52 66        
 3. Gillingham                 44  29  6  9 104-57  64      
 4. Plymouth Argyle II         44  26  5 13 128-63  58       
 5. Yeovil & Petters           44  22 10 12  85-70  54       
 6. Arsenal London II          44  21  9 14  92-57  51        
 7. Cardiff City II            44  24  3 17 105-72  51       
 8. Tunbridge Wells Rangers    44  22  6 16  93-76  50       
 9. Norwich City II            44  23  4 17  86-76  50       
10. Chelmsford City            44  18  8 18  74-73  44      
11. Bath City                  44  16 12 16  59-74  44        
12. Barry                      44  18  7 19  76-90  43       
13. Cheltenham Town            44  16  9 19  76-105 41        
14. Ipswich Town II            44  14 12 18  64-76  40        
15. Worcester City             44  13 14 17  72-90  40         
16. Folkestone                 44  16  6 22  74-85  38       
17. Newport County II          44  13 10 21  74-108 36        
18. Exeter City II             44  12  9 23  51-107 33        
19. Torquay United II          44  12  8 24  53-89  32         
20. Swindon Town II            44  11  9 24  66-101 31        
21. Aldershot II               44  12  6 26  69-92  30        
22. Bristol Rovers II          44   9 11 24  66-85  29         
23. Dartford                   44   8  5 31  53-119 21

1938/39, Alexander Turnbull, Benjamin Clarke, Charles Sutherley, Harold Riley, Henry Bowl, Henry Church, James Liddle, John Angus, John Little, John Millar, John Shadwell, Leonard Rich, Richard Ebdon, Robert Wallace, Roy Southcombe, Squad Photograph, Stephen Walker, Thomas Halliday, Vincent Blore, Walter Bussey, William Brown, William Fellowes