The competition started on 27 July 1999 and concluded on 20 December 1999 with Flamengo beating Palmeiras in the final.
Participants
Boca Juniors
San Lorenzo
Independiente
Vélez Sársfield
River Plate
Racing
Vasco da Gama
Flamengo
Corinthians
Cruzeiro
São Paulo
Palmeiras
Grêmio
Universidad Católica
Colo Colo
Universidad de Chile
Cerro Porteño
Olimpia
Nacional
Peñarol
Details
The 20 teams were divided into 5 groups of 4 teams. Each team plays othe other teams in the group twice. The top team from each group qualified for the quarter-finals along with the best 3 runners up.
From the quarter finals to the final, two legs were played in each round. In the result of a draw, the match was decided by a penalty shoot out.
