| 27.02.1977 | Guayaquil | Modelo | 51 200 |
| Ecuador | 0:1(0:1) | Chile |
| Carlos Delgado, Washington Méndez, Fausto Carrera, Fausto Klinger, Carlos Campoverde, Juan Tenorio, Juan Carlos Gómez, José Villafuerte, Wilson Nieves, Ángel Licciardi, Jorge Vinicio Ron | Adolfo Nef, Daniel Díaz, Alberto Quintano, Elías Figueroa, Enzo Escobar, Ignacio Prieto, Roberto Hodge, Carlos Reinoso, Sergio Ahumada, Osvaldo Castro, Miguel Ángel Gamboa |
| Coach:Ernesto Guerra | Caupolicán Peña |
| Scorers: | 33' Miguel Ángel Gamboa |
| Substitutions:in Luis Augusto Granda out Juan Tenorio, in Fabián Paz y Miño out Ángel Licciardi |
in Mario Soto out Ignacio Prieto |
| Cautions: | 77' Miguel Ángel Gamboa |
| Referee:Jorge Romero (ARG) | Assistant referee:Norberto Coerezza (ARG), Roberto Barreiro (ARG) |