| 01.05.1938 | Milan | San Siro | 20 000 |
|
Switzerland | 2:1(2:0) | Portugal | |
| Huber Willy, Minelli Severino(c), Stelzer Adolf, Springer Hermann, Vernati Sirio, Lörtscher Ernst, Bickel Alfred, Amado Lauro, Kielholz Leopold, Abegglen Andre, Aeby Georges | Azevedo João, José Simões, Gustavo Teixeira(c), Mariano Amaro, Albino Francisco, Carlos Pereira, Adolfo Mourão, Soeiro Manuel, Fernando Baptista Seixas Peyroteo, Artur de Sousa "Pinga", João Cruz |
| Coach:Karl Rappan | Càndido de Oliveira |
| Scorers:23' Aeby Georges, 28' Amado Lauro | 73' Fernando Baptista Seixas Peyroteo |
| Referee:Francesco Mattea (ITA) | Assistant referee: |
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