| 17.07.1988 | Alajuela | Estadio Alejandro Morera Soto | 14 694 |
| Costa Rica | 1:1 (1:1) | Panama |
| Gabelo Conejo, Roger Flores, Freddy Munguio, Hector Merchena, Jose Carlos Chaves, Claudio Jara, Oscar Ramirez, Evaristo Coronado, Alexandre Guimaraes, Hernan Medford, Alexandre Borge Ginaraes | Angelo Evans, Rogelio Clarke, Jose Alfredo Poyatos, Franklin Delgado, Carlos Acosta, Jesus Julio, Ruben Guevara, Luis Abrego, Frank Lozado, Rommel Fernandez, Victor Mendieta |
| Coach:Gustavo Simone (URU) | Juan Colocchio |
| Scorers:26' Claudio Jara | 17' Victor Mendieta |
| Substitutions:63' in Pastor Fernandez out Hector Merchena, 70' in German Chavarria out Alexandre Guimaraes |
46' in Esau Young out Rogelio Clarke, 65' in Carlos Barrios out Luis Abrego |
| Cautions:44' Roger Flores, 47' Hector Marchena | 30' Carlos Acosta, 34' Rommel Fernandez, 80' Angelo Evans |
| Expulsions: | 36' Carlos Acosta |
| Referee:Rodriguez Medina Rafael (SLV) | Assistant referee:Rodolfo Sibrian (SLV), Jose Gomez Santos (SLV) |