| 20.02.1977 | Quito | Olímpico Atahualpa | 39 576 |
| Ecuador | 1:1(0:1) | Peru |
| Carlos Delgado, Washington Méndez, Fausto Carrera, Fausto Klinger, Fernando Villena, Luis Augusto Granda, Juan Carlos Gómez, José Villafuerte, Wilson Nieves, Ángel Licciardi, Jorge Vinicio Ron | Ramón Quiroga, Eleazor Soria, Julio Meléndez, Héctor Chumpitaz, Toribio Díaz, Alfredo Quesada, José Velásquez, Teófilo Cubillas, Juan José Muñante, Hugo Sotil, Juan Carlos Oblitas |
| Coach:Ernesto Guerra | Marcos Calderón |
| Scorers:81' Fabián Paz y Miño | 43' Juan Carlos Oblitas |
| Substitutions:46' in Fabián Paz y Miño out Juan Carlos Gómez, 73' in Cristóbal Mantilla out Luis Augusto Granda |
60' in Percy Rojas out Teófilo Cubillas, 60' in Osvaldo Ramírez out Juan José Muñante |
| Cautions:40' Fausto Carrera, 71' Washington Méndez | 87' Ramón Quiroga |
| Referee:Agomar Röhrig (BRA) | Assistant referee:Sebastiao Rufino (BRA), Oscar Scolfaro (BRA) |