| March 8, 1948 | SACC | 1948 | Deportivo Municipal | 4 - 0 | Emelec | Santiago, Chile | 1 | ||
| March 8, 1948 | SACC | 1948 | CR Vasco da Gama | 1 - 1 | Colo-Colo | Estadio Nacional Julio Mart... | Carlos Paredes | 1 |
| gp | gs | min | g | ||||
|---|---|---|---|---|---|---|---|
| Urroz | Colo-Colo | 1 | 0 | 0 | |||
| Friaça | CR Vasco da Gama | 1 | 1 | 90 | 1 | ||
| Maneca | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Fernandes | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Varela | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Lorca | Colo-Colo | 1 | 0 | 0 | |||
| Danilo | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Ely | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Miranda | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Castro | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Wilson | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Ismael | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| López | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Munoz | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Pino | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Jorge | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Lelé | CR Vasco da Gama | 1 | 0 | 0 | |||
| Clavero | Colo-Colo | 1 | 0 | 0 | |||
| Augusto | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Barbosa | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Djalma | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Machuca | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Nestor | CR Vasco da Gama | 1 | 0 | 0 | |||
| Farias | Colo-Colo | 1 | 1 | 90 | 1 | ||
| Chico | CR Vasco da Gama | 1 | 1 | 90 | 0 | ||
| Infante | Colo-Colo | 1 | 1 | 90 | 0 | ||
| Fuerzalida | Colo-Colo | 1 | 1 | 90 | 0 |