1 to 5 Sep. 1999 - Rio de Janeiro in Brazil.
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Event Standings
| Rank | Team | GP | W-L |
|---|---|---|---|
| 1. | Vasco da Gama | 5 | 4 - 1 |
| 2. | Bauru Tilibra | 5 | 4 - 1 |
| 3. | Welcome | 5 | 3 - 2 |
| 4. | Pico FC | 5 | 2 - 3 |
| 5. | Universidad | 4 | 3 - 1 |
| 6. | Regatas Lima | 4 | 1 - 3 |
| 7. | Cocodrilos | 4 | 1 - 3 |
| 8. | Unpayu | 4 | 0 - 4 |