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| 1st(1st leg) | Atlético Nacional | - | River Plate | 1:0 (0:0) | ||
| 2nd (2nd leg) | River Plate | - | Atlético Nacional | 7:8 (0:0, 1:0, 1:0) pso | ||
| 1st(1st leg): 09/08/1995 | 2nd (2nd leg): 16/08/1995 | Winner: Atlético Nacional | ||||
| 1st(1st leg) | Emelec | - | Grêmio Porto Alegre | 0:0 (0:0) | ||
| 2nd (2nd leg) | Grêmio Porto Alegre | - | Emelec | 2:0 (2:0) | ||
| 1st(1st leg): 09/08/1995 | 2nd (2nd leg): 16/08/1995 | Winner: Grêmio Porto Alegre | ||||
