Jornada 1
| 15 Ene 39 |  Paraguay |
5 - 1 |  Chile |
... |
| 15 Ene 39 |  Perú |
5 - 2 |  Ecuador |
1 |
| 22 Ene 39 | Perú |
3 - 1 | Chile |
... |
| 22 Ene 39 |  Uruguay |
6 - 0 | Ecuador |
... |
| 29 Ene 39 | Perú |
3 - 0 | Paraguay |
... |
| 29 Ene 39 | Uruguay |
3 - 2 | Chile |
... |
| 05 Feb 39 | Chile |
4 - 1 | Ecuador |
... |
| 05 Feb 39 | Uruguay |
3 - 1 | Paraguay |
... |
| 12 Feb 39 | Paraguay |
3 - 1 | Ecuador |
... |
| 12 Feb 39 | Perú |
2 - 1 | Uruguay |
3 |