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| U | Barcelona | - | Cerro Porteño | 1:0 (1:0) | ||
| R | Cerro Porteño | - | Barcelona | 3:4 (2:0, 2:1, 2:1) d.p. | ||
| U: 16.07.1998 | R: 22.07.1998 | Winnaars: Barcelona | ||||
| U | Vasco da Gama - RJ | - | River Plate | 1:0 (1:0) | ||
| R | River Plate | - | Vasco da Gama - RJ | 1:1 (1:0) | ||
| U: 16.07.1998 | R: 22.07.1998 | Winnaars: Vasco da Gama - RJ | ||||
