7 to 11 Sep. 2004 - Asuncion in Paraguay.
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Event Standings
| Rank | Team | GP | W-L |
|---|---|---|---|
| 1. | Boca Juniors | 5 | 4 - 1 |
| 2. | Delfines de Miranda | 5 | 4 - 1 |
| 3. | Dep. San Jose | 5 | 3 - 2 |
| 4. | Uberlandia | 5 | 2 - 3 |
| 5. | LLanquihue | 5 | 3 - 2 |
| 6. | Guacharos de Maturin | 5 | 3 - 2 |
| 7. | Piratas de Bogotá | 5 | 1 - 4 |
| 8. | Regatas Lima | 5 | 0 - 5 |