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| 1st(1st leg) | Palmeiras | - | Club Olimpia | 2:0 | ||
| 2nd (2nd leg) | Club Olimpia | - | Palmeiras | 0:1 | ||
| 1st(1st leg): 10/11/1998 | 2nd (2nd leg): 17/11/1998 | Winner: Palmeiras | ||||
| 1st(1st leg) | Cruzeiro | - | San Lorenzo | 1:0 | ||
| 2nd (2nd leg) | San Lorenzo | - | Cruzeiro | 1:1 | ||
| 1st(1st leg): 19/11/1998 | 2nd (2nd leg): 02/12/1998 | Winner: Cruzeiro | ||||
