Grupo A
| # | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 |  Cruzeiro | 6 | 3 | 1 | 2 | 8 | 10 |
| 2 |  San Lorenzo | 6 | 3 | 1 | 2 | 3 | 10 |
| 3 |  Sao Paulo | 6 | 2 | 1 | 3 | -4 | 7 |
| 4 |  Colo Colo | 6 | 2 | 1 | 3 | -7 | 7 |
Copa Mercosur
Copa Mercosur 1998
ChampionPalmeirasGroup stage
Grupo B
| # | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Palmeiras | 6 | 6 | 0 | 0 | 13 | 18 |
| 2 |  Club Nacional | 6 | 3 | 0 | 3 | -4 | 9 |
| 3 |  Independiente | 6 | 2 | 0 | 4 | -3 | 6 |
| 4 |  Universidad de Chile | 6 | 1 | 0 | 5 | -6 | 3 |
Grupo C
| # | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 |  Racing | 6 | 4 | 2 | 0 | 5 | 14 |
| 2 |  Olimpia | 6 | 3 | 1 | 2 | 1 | 10 |
| 3 |  Corinthians | 6 | 1 | 2 | 3 | -1 | 5 |
| 4 |  Penarol | 6 | 0 | 3 | 3 | -5 | 3 |
Grupo D
| # | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 |  Vélez Sarsfield | 6 | 3 | 2 | 1 | 1 | 11 |
| 2 |  Boca Juniors | 6 | 3 | 0 | 3 | 4 | 9 |
| 3 |  Flamengo | 6 | 3 | 0 | 3 | -1 | 9 |
| 4 |  Cerro Porteno | 6 | 1 | 2 | 3 | -4 | 5 |
Grupo E
| # | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 |  River Plate | 6 | 2 | 3 | 1 | 1 | 9 |
| 2 |  Vasco DA Gama | 6 | 2 | 3 | 1 | 1 | 9 |
| 3 |  Gremio | 6 | 2 | 1 | 3 | 1 | 7 |
| 4 |  U. Catolica | 6 | 1 | 3 | 2 | -3 | 6 |