Liverpool opened the scoring with a goal from Robbie Fowler in the 30th minute and appeared to be heading for a win in normal time until Birmingham equalised in injury-time with a penalty from Darren Purse, after Martin O'Connor was brought down by Stéphane Henchoz.
The victory was Liverpool's first major trophy in 6 years, since winning the same competition in 1995.
^ Clubs in the Premier League receive a bye to the second or third round, depending on whether or not they had qualified for European competition or not