| YEAR | CHAMPION | RUNNERS-UP | |
| 1998 | PALMEIRAS (Brazil) | Cruzeiro (Brazil) | 1-2 3-1 1-0 |
| 1999 | FLAMENGO (Brazil) | Palmeiras (Brazil) | 4-3 3-3 |
| 2000 | VASCO DA GAMA (Brazil) | Palmeiras (Brazil) | 2-0 0-1 4-3 |
| 2001 | SAN LORENZO DE ALMAGRO (Argentina) | Flamengo (Brazil) | 0-0 1-1 4-3 pk |
