← South American Club Championship - 1948 →
- Saturday, February 28, 1948
- in Santiago, Chile
scoreboard
| SACC | 1948 | CR Vasco da Gama | 1 - 0 | Emelec | Estadio Nacional Julio Mart... | 2 | |
| USOC | 1948 | /32 | Chicago Schwaben | 0 - 2 | Chicago Sparta | 1 |
| SACC | 1948 | CR Vasco da Gama | 1 - 0 | Emelec | Estadio Nacional Julio Mart... | 2 | |
| USOC | 1948 | /32 | Chicago Schwaben | 0 - 2 | Chicago Sparta | 1 |