series
| Aug. 16, 1988 | CL | 1988 | 4 | Cerro Porteño | 1 - 0 | Oriente Petrolero | 1 | |
| July 26, 1988 | CL | 1988 | 4 | Cerro Porteño | 2 - 2 | Oriente Petrolero | 1 |
scoreboard
| CL | 1988 | 3 | Millonarios FC | 3 - 0 | Montevideo Wanderers | 1 |
| Aug. 16, 1988 | CL | 1988 | 4 | Cerro Porteño | 1 - 0 | Oriente Petrolero | 1 | |
| July 26, 1988 | CL | 1988 | 4 | Cerro Porteño | 2 - 2 | Oriente Petrolero | 1 |
| CL | 1988 | 3 | Millonarios FC | 3 - 0 | Montevideo Wanderers | 1 |