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| H | Wisła Kraków | - | Parma AC | 1:1 (0:1) | ||
| R | Parma AC | - | Wisła Kraków | 2:1 (1:0) | ||
| H: 20.10.1998 14:30 | R: 03.11.1998 19:00 | Sieger: Parma AC | ||||
| H | Bologna FC | - | Slavia Praha | 2:1 (1:0) | ||
| R | Slavia Praha | - | Bologna FC | 0:2 (0:0) | ||
| H: 20.10.1998 17:00 | R: 03.11.1998 16:30 | Sieger: Bologna FC | ||||
| H | Crvena Zvezda | - | Olympique Lyon | 1:2 (0:0) | ||
| R | Olympique Lyon | - | Crvena Zvezda | 3:2 (3:1) | ||
| H: 20.10.1998 17:30 | R: 03.11.1998 20:15 | Sieger: Olympique Lyon | ||||
| H | Dinamo Moskva | - | Real Sociedad | 2:3 (0:3) | ||
| R | Real Sociedad | - | Dinamo Moskva | 3:0 (0:0) | ||
| H: 20.10.1998 18:00 | R: 03.11.1998 20:00 | Sieger: Real Sociedad | ||||
| H | Grazer AK | - | AS Monaco | 3:3 (1:1) | ||
| R | AS Monaco | - | Grazer AK | 4:0 (2:0) | ||
| H: 20.10.1998 18:15 | R: 03.11.1998 19:45 | Sieger: AS Monaco | ||||
| H | Grasshopper Club Zürich | - | ACF Fiorentina | 0:2 (0:1) | ||
| R | ACF Fiorentina | - | Grasshopper Club Zürich | 0:3 (2:1) Wert. | ||
| H: 20.10.1998 19:00 | R: 03.11.1998 | Sieger: Grasshopper Club Zürich | ||||
| H | VfB Stuttgart | - | Club Brugge KV | 1:1 (1:0) | ||
| R | Club Brugge KV | - | VfB Stuttgart | 3:2 (0:0, 1:1) n.V. | ||
| H: 20.10.1998 19:00 | R: 03.11.1998 19:00 | Sieger: Club Brugge KV | ||||
| H | CSKA Sofia | - | Atlético Madrid | 2:4 (0:2) | ||
| R | Atlético Madrid | - | CSKA Sofia | 1:0 (1:0) | ||
| H: 20.10.1998 19:15 | R: 03.11.1998 21:30 | Sieger: Atlético Madrid | ||||
| H | Vitesse | - | Girondins Bordeaux | 0:1 (0:1) | ||
| R | Girondins Bordeaux | - | Vitesse | 2:1 (1:1) | ||
| H: 20.10.1998 19:30 | R: 03.11.1998 19:00 | Sieger: Girondins Bordeaux | ||||
| H | Willem II | - | Real Betis | 1:1 (0:0) | ||
| R | Real Betis | - | Willem II | 3:0 (1:0) | ||
| H: 20.10.1998 20:00 | R: 03.11.1998 21:30 | Sieger: Real Betis | ||||
| H | AS Roma | - | Leeds United | 1:0 (1:0) | ||
| R | Leeds United | - | AS Roma | 0:0 (0:0) | ||
| H: 20.10.1998 20:45 | R: 03.11.1998 20:45 | Sieger: AS Roma | ||||
| H | Liverpool FC | - | Valencia CF | 0:0 (0:0) | ||
| R | Valencia CF | - | Liverpool FC | 2:2 (1:0) | ||
| H: 20.10.1998 20:45 | R: 03.11.1998 21:30 | Sieger: Liverpool FC | ||||
| H | Werder Bremen | - | Olympique Marseille | 1:1 (0:0) | ||
| R | Olympique Marseille | - | Werder Bremen | 3:2 (1:0) | ||
| H: 20.10.1998 20:45 | R: 03.11.1998 21:00 | Sieger: Olympique Marseille | ||||
| H | Celtic FC | - | FC Zürich | 1:1 (1:0) | ||
| R | FC Zürich | - | Celtic FC | 4:2 (0:0) | ||
| H: 20.10.1998 21:00 | R: 03.11.1998 20:15 | Sieger: FC Zürich | ||||
| H | RC Celta | - | Aston Villa | 0:1 (0:1) | ||
| R | Aston Villa | - | RC Celta | 1:3 (1:2) | ||
| H: 20.10.1998 21:15 | R: 03.11.1998 20:45 | Sieger: RC Celta | ||||
| H | Bayer Leverkusen | - | Rangers FC | 1:2 (0:1) | ||
| R | Rangers FC | - | Bayer Leverkusen | 1:1 (0:0) | ||
| H: 22.10.1998 20:30 | R: 05.11.1998 20:45 | Sieger: Rangers FC | ||||
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# The match ACF Fiorentina - Grasshoppers Zürich was abandoned at half time after the fourth official was injured by an explosion. The match was awarded with 3:0 to Grasshoppers. |
