| 08.08.1965 | Asuncion | Olimpia | 20 763 |
|
Paraguay | 0:0(0:0) | Argentina | |
| Orrego Jose Felix, Bordon Anibal, Bobadilla Vicente, Monges Idalino, Villalba Euelio, Medina Epifanio, Rojas Juan Carlos, Rojas Pablo Elber, Gonzalez Juan, Mora Celino, Garcia Genaro | Roma Antonio, Ramoz Delgado Jose Manuel, Leonardi Jose Bernabe, Ferreiro Oscar Roberto, Albrecht Jorge Rafael, Rattin Antonio Ubaldo, Bernao Raul Emilio, De La Mata Vicente, Artime Luis Alfredo, Onega Ermindo Angel, Mas Oscar |
| Coach:Benjamin Benitez | Jose Maria Minella |
| Scorers: | |
| Referee:Antonio Viug (BRA) | Assistant referee:Eunapio De Queiroz (BRA), Armando Marques (BRA) |
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