An impressive crowd of 32,947 turned up at Anfield to raise money for the Marina Dalglish Appeal and also to see the Reds once again beat the Blues and earn the bragging rights on Merseyside.
Liverpool had ten of the eleven players from the 1986 final with '86 subsitute Steve McMahon taking Craig Johnstone's place. The Reds were also able to call on the likes of John Barnes, Alan Kennedy, Ray Houghton and goal machine John Durnin from the bench.
There weren't many chances in the first half, the only real chance of note coming after three minutes when Dave Watson headed a Jan Molby cross against his own crossbar with Bobby Mimms beaten.
There were more chances in the second half, the best of them naturally falling to Liverpool as Molby began to pull the strings alongside McMahon in the centre of midfield and Kenny Dalglish creating chances up front.
Liverpool had chances to score but Dalglish, Barnes and Ian Rush were all denied by some good goalkeeping from Bobby Mimms. Just when it looked like Everton had done enough to earn the draw however, Durnin got on the end of a four man move and calmly slotted home the winner at the Kop end.
Liverpool: Bruce Grobbelaar, Mark Lawrenson, Jim Beglin, Steve Nicol, Ronnie Whelan, Alan Hansen, Kenny Dalglish, Kevin McDonald, Ian Rush, Jan Molby, Steve McMahon. Subs: Alan Kennedy, Bob Bolder, Gary Gillespie, John Barnes, Ray Houghton, John Durnin, John Wark, Gary Ablett
Everton: Bobby Mimms, Alan Harper, Neil Pointon, Kevin Ratcliffe, Dave Watson, Peter Reid, Trevor Steven, Adrian Heath, Graeme Sharp, Paul Bracewell, Ian Snodin. Subs: Barry Horne, Ian Atkins, Paul Wilkinson, Alan Irvine, John Bailey.