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| 1st(1st leg) | Atlético Mineiro | - | Guarani - SP | 1:1 | ||
| 2nd (2nd leg) | Guarani - SP | - | Atlético Mineiro | 0:1 | ||
| 1st(1st leg): 17/10/1995 | 2nd (2nd leg): 25/10/1995 | Winner: Atlético Mineiro | ||||
| 1st(1st leg) | Ceará - CE | - | Corinthians SP | 1:1 | ||
| 2nd (2nd leg) | Corinthians SP | - | Ceará - CE | 7:6 pso | ||
| 1st(1st leg): 18/10/1995 | 2nd (2nd leg): 31/10/1995 | Winner: Corinthians SP | ||||
| 1st(1st leg) | América de Cali | - | Barcelona | 3:1 | ||
| 2nd (2nd leg) | Barcelona | - | América de Cali | 0:2 | ||
| 1st(1st leg): 24/10/1995 | 2nd (2nd leg): 31/10/1995 | Winner: América de Cali | ||||
| 1st(1st leg) | Gimnasia de La Plata | - | Sud América | 1:0 | ||
| 2nd (2nd leg) | Sud América | - | Gimnasia de La Plata | 4:0 | ||
| 1st(1st leg): 24/10/1995 | 2nd (2nd leg): 31/10/1995 | Winner: Sud América | ||||
| 1st(1st leg) | The Strongest | - | Atlético Colegiales | 0:0 | ||
| 2nd (2nd leg) | Atlético Colegiales | - | The Strongest | 1:0 | ||
| 1st(1st leg): 25/10/1995 | 2nd (2nd leg): 01/11/1995 | Winner: Atlético Colegiales | ||||
| 1st(1st leg) | Ciclista Lima | - | Cobreloa | 4:1 | ||
| 2nd (2nd leg) | Cobreloa | - | Ciclista Lima | 7:2 | ||
| 1st(1st leg): 25/10/1995 | 2nd (2nd leg): 01/11/1995 | Winner: Cobreloa | ||||
| 1st(1st leg) | Mineros de Guayana | - | Independiente Medellín | 1:0 | ||
| 2nd (2nd leg) | Independiente Medellín | - | Mineros de Guayana | 3:4 pso | ||
| 1st(1st leg): 26/10/1995 | 2nd (2nd leg): 02/11/1995 | Winner: Mineros de Guayana | ||||
| 1st(1st leg) | Defensor Sporting | - | Rosario Central | 1:3 | ||
| 2nd (2nd leg) | Rosario Central | - | Defensor Sporting | 2:1 | ||
| 1st(1st leg): 26/10/1995 | 2nd (2nd leg): 01/11/1995 | Winner: Rosario Central | ||||
