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| 1st(1st leg) | São Paulo FC | - | Deportivo Táchira | 3:0 (1:0) | ||
| 2nd (2nd leg) | Deportivo Táchira | - | São Paulo FC | 1:4 (1:1) | ||
| 1st(1st leg): 19/05/2004 23:30 | 2nd (2nd leg): 27/05/2004 01:45 | Winner: São Paulo FC | ||||
| 1st(1st leg) | Santos FC | - | Once Caldas | 1:1 (0:0) | ||
| 2nd (2nd leg) | Once Caldas | - | Santos FC | 1:0 (0:0) | ||
| 1st(1st leg): 20/05/2004 01:45 | 2nd (2nd leg): 28/05/2004 01:30 | Winner: Once Caldas | ||||
| 1st(1st leg) | River Plate | - | Deportivo Cali | 1:0 (1:0) | ||
| 2nd (2nd leg) | Deportivo Cali | - | River Plate | 1:3 (1:2) | ||
| 1st(1st leg): 20/05/2004 23:30 | 2nd (2nd leg): 26/05/2004 23:15 | Winner: River Plate | ||||
| 1st(1st leg) | São Caetano - SP | - | Boca Juniors | 0:0 (0:0) | ||
| 2nd (2nd leg) | Boca Juniors | - | São Caetano - SP | 4:3 (0:0, 1:1, 1:1) pso | ||
| 1st(1st leg): 21/05/2004 01:45 | 2nd (2nd leg): 26/05/2004 01:00 | Winner: Boca Juniors | ||||
