It was annually disputed between the Copa Libertadores champion and that of the Supercopa "Joao Havelange". Now is disputed between Copa Libertadores and Copa Sudamericana champions

YEAR CHAMPION RUNNERS-UP

1989 NACIONAL (Uruguay) Racing Club (Argentina) 1-0 0-0

1990 BOCA JUNIORS (Argentina) Atlético Nacional (Colombia) 1-0 in Miami

1991 OLIMPIA (Paraguay) (1)

1992 COLO COLO (Chile) Cruzeiro (Brasil) 0-0 5-4 pen. in Kobe

1993 SAO PAULO (Brasil) Cruzeiro (Brasil) 0-0 0-0 4-2 pen.

1994 SAO PAULO (Brasil) Botafogo (Brasil) (2) 3-1 in Kobe

1995 INDEPENDIENTE (Argentina) Vélez Sarsfield (Argentina) 1-0 in Tokyo

1996 GREMIO (Brasil) Independiente (Argentina) 4-1 in Kobe

1997 VELEZ SARSFIELD (Argentina) River Plate (Argentina) 1-1 4-2 p. in Tokyo

1998 CRUZEIRO (Brasil) River Plate (Argentina) 2-0 3-0

2003 OLIMPIA (Paraguay) San Lorenzo de Almagro (Argentina) 2-0 in Los Angeles

2004 CIENCIANO (Perú) Boca Juniors (Argentina)1-1 4-2 p. in F. Lauderdale

2005 BOCA JUNIORS (Argentina) Once Caldas (Colombia) 3-1 1-2

2006 BOCA JUNIORS (Argentina) São Paulo (Brazil) 2-1 2-2

(1) Olimpia was automatically declared Champion after winning the Libertadores Cup and the "Joao Havelange" Supercup, both in 1990.
Olimpia fue declarado campeón automáticamente al haber ganado la Copa Libertadores y la Supercopa "Joao Havelange", ambas en 1990.

(2) In 1993, Sao Paulo win both cups (Libertadores and Supercopa) so Botafogo, winner of Copa Conmebol was invited to play Recopa 1994.