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| 12.01.1946 | Argentina | - | Paraguay | 2:0 (2:0) | ||
| 16.01.1946 | Brasil | - | Bolivia | 3:0 (0:0) | ||
| Uruguay | - | Chile | 1:0 (0:0) | |||
| 19.01.1946 | Argentina | - | Bolivia | 7:1 (2:0) | ||
| Chile | - | Paraguay | 2:1 (0:0) | |||
| 23.01.1946 | Brasil | - | Uruguay | 4:3 (4:0) | ||
| 26.01.1946 | Argentina | - | Chile | 3:1 (1:0) | ||
| Paraguay | - | Bolivia | 4:2 | |||
| 29.01.1946 | Brasil | - | Paraguay | 1:1 (0:0) | ||
| Uruguay | - | Bolivia | 5:0 | |||
| 02.02.1946 | Argentina | - | Uruguay | 3:1 (1:0) | ||
| 03.02.1946 | Brasil | - | Chile | 5:1 (2:0) | ||
| 08.02.1946 | Chile | - | Bolivia | 4:1 (2:0) | ||
| Paraguay | - | Uruguay | 2:1 | |||
| 10.02.1946 | Argentina | - | Brasil | 2:0 (1:0) |
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