| Full Members' Cup | |
| Year: | 1987–88 |
| Country: | England |
| Num Teams: | 40 |
| Winners: | Reading |
| Count: | 1 |
| Second: | Luton Town |
| Semifinal1: | Coventry City |
| Semifinal2: | Swindon Town |
| Matches: | 39 |
| Goals: | 119 |
| Prev Season: | 1986–87 |
| Next Season: | 1988–89 |
The 1987–88 Full Members' Cup (also known as the Simod Cup for sponsorship reasons) was the third 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 Reading, who beat Luton Town 4–1 in the final at Wembley.
Arsenal, Liverpool, Manchester United and Tottenham opted out of this competition.
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See main article: 1988 Full Members' Cup Final.