1 to 7 Dec. 1997 - Santa Fé in Argentina.
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Event Standings
| Rank | Team | GP | W-L |
|---|---|---|---|
| 1. |  Brazil |
6 | 5 - 1 |
| 2. |  Paraguay |
6 | 5 - 1 |
| 3. |  Argentina |
6 | 5 - 1 |
| 4. |  Venezuela |
6 | 3 - 3 |
| 5. |  Colombia |
5 | 3 - 2 |
| 6. |  Chile |
5 | 2 - 3 |
| 7. |  Uruguay |
5 | 2 - 3 |
| 8. |  Peru |
5 | 1 - 4 |
| 9. |  Ecuador |
5 | 1 - 4 |
| 10. |  Bolivia |
5 | 0 - 5 |