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| H | AS Roma | - | FC Zürich | 1:0 (0:0) | ||
| R | FC Zürich | - | AS Roma | 2:2 (0:1) | ||
| H: 24.11.1998 16:00 | R: 08.12.1998 20:45 | Sieger: AS Roma | ||||
| H | Bologna FC | - | Real Betis | 4:1 (1:0) | ||
| R | Real Betis | - | Bologna FC | 1:0 (1:0) | ||
| H: 24.11.1998 18:30 | R: 08.12.1998 19:00 | Sieger: Bologna FC | ||||
| H | Grasshopper Club Zürich | - | Girondins Bordeaux | 3:3 (2:2) | ||
| R | Girondins Bordeaux | - | Grasshopper Club Zürich | 0:0 (0:0) | ||
| H: 24.11.1998 18:30 | R: 08.12.1998 19:30 | Sieger: Girondins Bordeaux | ||||
| H | Real Sociedad | - | Atlético Madrid | 2:1 (1:1) | ||
| R | Atlético Madrid | - | Real Sociedad | 4:1 (2:0, 2:1) n.V. | ||
| H: 24.11.1998 19:45 | R: 08.12.1998 21:30 | Sieger: Atlético Madrid | ||||
| H | Olympique Lyonnais | - | Club Brugge KV | 1:0 (1:0) | ||
| R | Club Brugge KV | - | Olympique Lyonnais | 3:4 (0:1) | ||
| H: 24.11.1998 20:00 | R: 08.12.1998 19:00 | Sieger: Olympique Lyonnais | ||||
| H | AS Monaco | - | Olympique Marseille | 2:2 (1:2) | ||
| R | Olympique Marseille | - | AS Monaco | 1:0 (0:0) | ||
| H: 24.11.1998 20:30 | R: 08.12.1998 21:00 | Sieger: Olympique Marseille | ||||
| H | Rangers FC | - | Parma AC | 1:1 (0:0) | ||
| R | Parma AC | - | Rangers FC | 3:1 (0:1) | ||
| H: 24.11.1998 20:45 | R: 08.12.1998 14:30 | Sieger: Parma AC | ||||
| H | RC Celta | - | Liverpool FC | 3:1 (0:1) | ||
| R | Liverpool FC | - | RC Celta | 0:1 (0:0) | ||
| H: 24.11.1998 21:35 | R: 08.12.1998 20:45 | Sieger: RC Celta | ||||
