series
| July 29, 1988 | CL | 1988 | 2 | Filanbanco | 0 - 1 | Newell's Old Boys | 1 | |
| July 12, 1988 | CL | 1988 | 2 | Filanbanco | 1 - 1 | Newell's Old Boys | 1 |
scoreboard
| CL | 1988 | 3 | Millonarios FC | 1 - 2 | Montevideo Wanderers | 1 | |
| CL | 1988 | 5 | Club Guaraní | 1 - 1 | Universitario | 1 |
| July 29, 1988 | CL | 1988 | 2 | Filanbanco | 0 - 1 | Newell's Old Boys | 1 | |
| July 12, 1988 | CL | 1988 | 2 | Filanbanco | 1 - 1 | Newell's Old Boys | 1 |
| CL | 1988 | 3 | Millonarios FC | 1 - 2 | Montevideo Wanderers | 1 | |
| CL | 1988 | 5 | Club Guaraní | 1 - 1 | Universitario | 1 |