| March 9, 1948 |
CCCF |
1948 |
Guatemala |
4 - 3 |
Panama |
Guatemala City, Guatemala |
|
|
2 |
| March 9, 1948 |
CCCF |
1948 |
Curacao |
0 - 1 |
El Salvador |
Guatemala City, Guatemala |
|
|
2 |
| March 9, 1948 |
SACC |
1948 |
Club Litoral |
1 - 5 |
River Plate |
Santiago, Chile |
|
|
1 |
| March 9, 1948 |
SACC |
1948 |
Colo-Colo |
3 - 2 |
Nacional |
Santiago, Chile |
|
|
1 |