| July 12, 1988 | CL | 1988 | 2 | Filanbanco | 1 - 1 | Newell's Old Boys | 1 | |||
| July 12, 1988 | CL | 1988 | 3 | Millonarios FC | 1 - 2 | Montevideo Wanderers | 1 | |||
| July 12, 1988 | CL | 1988 | 5 | Club Guaraní | 1 - 1 | Universitario | 1 |
| GP | W | T | L | gf | ga | gf/ga | |||
|---|---|---|---|---|---|---|---|---|---|
| Club Guaraní | CL | 1988 | 3 | 1 | 1 | 1 | 3 | 3 | 1.00 |
| Montevideo Wanderers | CL | 1988 | 3 | 1 | 1 | 1 | 3 | 3 | 1.00 |
| Universitario | CL | 1988 | 2 | 1 | 1 | 0 | 3 | 1 | 3.00 |
| Filanbanco | CL | 1988 | 2 | 0 | 1 | 1 | 3 | 5 | 0.60 |
| Millonarios FC | CL | 1988 | 2 | 0 | 0 | 2 | 3 | 5 | 0.60 |
| Newell's Old Boys | CL | 1988 | 2 | 0 | 2 | 0 | 1 | 1 | 1.00 |