1 to 6 Dec. 1998 - Tarija in Bolivia.
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Event Standings
| Rank | Team | GP | W-L |
|---|---|---|---|
| 1. | Vasco da Gama | 5 | 5 - 0 |
| 2. | Deportivo Welcome | 5 | 4 - 1 |
| 3. | Independiente | 5 | 3 - 2 |
| 4. | Weber Bahia Blanca | 5 | 2 - 3 |
| 5. | Provincial Osorno | 5 | 3 - 2 |
| 6. | Ingavi | 5 | 2 - 3 |
| 7. | Regatas Lima | 5 | 1 - 4 |
| 8. | Deportivo Guayas | 5 | 0 - 5 |