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| U | São Paulo FC | - | Deportivo Táchira | 3:0 (1:0) | ||
| R | Deportivo Táchira | - | São Paulo FC | 1:4 (1:1) | ||
| U: 20.05.2004 00:30 | R: 27.05.2004 02:45 | Winnaars: São Paulo FC | ||||
| U | Santos FC | - | Once Caldas | 1:1 (0:0) | ||
| R | Once Caldas | - | Santos FC | 1:0 (0:0) | ||
| U: 20.05.2004 02:45 | R: 28.05.2004 02:30 | Winnaars: Once Caldas | ||||
| U | River Plate | - | Deportivo Cali | 1:0 (1:0) | ||
| R | Deportivo Cali | - | River Plate | 1:3 (1:2) | ||
| U: 21.05.2004 00:30 | R: 27.05.2004 00:15 | Winnaars: River Plate | ||||
| U | São Caetano - SP | - | Boca Juniors | 0:0 (0:0) | ||
| R | Boca Juniors | - | São Caetano - SP | 4:3 (0:0, 1:1, 1:1) d.p. | ||
| U: 21.05.2004 02:45 | R: 26.05.2004 02:00 | Winnaars: Boca Juniors | ||||
