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| 08.05.2004 | 17:00 | Borac Čačak | - | FK KOM Podgorica | 4:0 | |
| 17:00 | FK Zeleznik | - | FK Obilić | 0:0 | ||
| 17:00 | Buducnost Banatski Dvor | - | Partizan | 1:0 | ||
| 17:00 | FK Zemun | - | OFK Beograd | 2:3 | ||
| 17:00 | Radnički Obrenovac | - | FK Sutjeska | 0:3 | ||
| 17:00 | FK Zeta | - | FK Smederevo | 4:0 | ||
| 17:00 | Hajduk Rodić | - | FK Napredak | 0:1 | ||
| 19:30 | Rode Ster Belgrado | - | Vojvodina | 3:0 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Rode Ster Belgrado | 29 | 22 | 5 | 2 | 54:10 | 44 | 71 |
| 2 |
|
Partizan | 29 | 19 | 6 | 4 | 48:18 | 30 | 63 |
| 3 |
|
FK Zeleznik | 29 | 16 | 7 | 6 | 46:20 | 26 | 55 |
| 4 |
|
FK Smederevo | 29 | 14 | 7 | 8 | 40:31 | 9 | 49 |
| 5 |
|
OFK Beograd | 29 | 13 | 9 | 7 | 34:30 | 4 | 48 |
| 6 |
|
FK Obilić | 29 | 14 | 4 | 11 | 42:28 | 14 | 46 |
| 7 |
|
FK Sutjeska | 29 | 12 | 4 | 13 | 38:35 | 3 | 40 |
| 8 |
|
FK Zemun | 29 | 10 | 8 | 11 | 26:29 | -3 | 38 |
| 9 |
|
Vojvodina | 29 | 9 | 10 | 10 | 28:33 | -5 | 37 |
| 10 |
|
FK Zeta | 29 | 10 | 6 | 13 | 36:37 | -1 | 36 |
| 11 |
|
Hajduk Rodić | 29 | 10 | 5 | 14 | 25:28 | -3 | 35 |
| 12 |
|
Buducnost Banatski Dvor | 29 | 10 | 4 | 15 | 29:47 | -18 | 34 |
| 13 |
|
Borac Čačak | 29 | 7 | 11 | 11 | 29:41 | -12 | 32 |
| 14 |
|
Radnički Obrenovac | 29 | 4 | 12 | 13 | 18:42 | -24 | 24 |
| 15 |
|
FK Napredak | 29 | 6 | 4 | 19 | 24:44 | -20 | 22 |
| 16 |
|
FK KOM Podgorica | 29 | 4 | 2 | 23 | 20:64 | -44 | 14 |
