| 27.10.1968 | Belgrad | Crvena Zvezda | 23 963 |
| Yugoslavia | 0:0(0:0) | Spain |
| Ivan Curkovic, Rudolf Cvek, Zivorad Jeftic, Miroslav Pavlovic, Kiril Dojcinovski, Dragan Holcer(c), Ilija Petkovic, Rudolf Belin, Slaven Zambata, Miroslav Vardic, Krasnodar Rora | Iríbar José Angel, Torres Antonio, Fernandez Francisco 'Gallego', Eladio Silvestre, Martinez Jesus 'Pirri'(c), Zabalza Pedro, Ufarte Armando, Amancio Amaro, Luis Aragones, Marcial Pina, Germán Devora |
| Coach:Rajko Mitic | Eduardo Toba |
| Scorers: |   |
| Substitutions:46' in Josip Bukal out Ilija Petkovic, 46' in Bosko Antic out Krasnodar Rora |
29' in Pereda out Luis Aragones, 81' in Tonono Moreno Antonio out Torres Antonio |
| Referee:Ferdinand Marschall (AUT) | Assistant referee:Egon Gruber (AUT), Franz Wöhrer (AUT) |