| 3. Round | 17/07/1998 | Valencia CF | - | Shinnik Yaroslavl | 4:1 | ||||
| 3. Round | 24/07/1998 | Shinnik Yaroslavl | - | Valencia CF | 1:0 |  |
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| 4. Round | 28/07/1998 | Espanyol Barcelona | - | Valencia CF | 0:1 | |
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| 4. Round | 04/08/1998 | Valencia CF | - | Espanyol Barcelona | 2:0 | |
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| 5. Round | 24/08/1998 | Valencia CF | - | SV Austria Salzburg | 2:1 |
Spain