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| H | Racing Club | - | Sporting Cristal | 3:2 (1:1) | ||
| R | Sporting Cristal | - | Racing Club | 4:1 (2:1) | ||
| H: 23.07.1997 | R: 30.07.1997 | Sieger: Sporting Cristal | ||||
| H | Cruzeiro | - | Colo-Colo | 1:0 (1:0) | ||
| R | Colo-Colo | - | Cruzeiro | 1:4 (1:1, 3:2, 3:2) i.E. | ||
| H: 23.07.1997 | R: 30.07.1997 | Sieger: Cruzeiro | ||||
