They did manage to create chances but Henrik Pedersen, Delroy Facey and Jay Jay Okocka simply wasted them.
A win would have kept Wanderers clear of the relegation zone and dragged down Fulham, yet, apart from when Ricardo Gardner saw his effort cleared off the line by Sylvain Legwinski, they just did not have the cutting edge to break down the final barrier.
Fulham meanwhile were happy with the draw and thankful that their own strikers Luis Boa Morte and Louis Saha both came safely through after recovering from injuries.
The London side also wasted goal chances, particularly Steed Malbranque, but in the end a point suited them better than the home side.
Wanderers, with Youri Djorkaeff and Okocha pulling the strings in midfield should have been ahead in the opening minutes when the industrious Frandsen played the ball forward for Pedersen only for him to fire high over the bar.
Fulham showed a lot of neat passing movements without really creating an opening and were forced to play second fiddle to the home side for most of the first half.
Fulham keeper Maik Taylor had to be alert to the dangers posed by the home side but his work was made easier by wayward shooting, Djorkaeff going close and Okacha guilty of wasting a close-range chance.
Defender Ivan Campo came within an ace of showing the side's more regular goalscorers how to do it when he failed by the narrowest margin to get a touch on a ball that keeper Taylor had palmed away.
After that the home side were lucky to escape when Malbranque, clear at the far post, stabbed Steve Finnan's cross wide with the goal gaping.
Fulham, however were thankful for good defending by Legwinski, who cleared off the line after Gardner had taken the ball round Taylor, but then it was Fulham's turn to be wasteful as not for the first time Malbranque squandered a chance from a good position.