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| I | Bayern Múnich | - | FC DAC 1904 | 3:1 (1:0) | ||
| V | FC DAC 1904 | - | Bayern Múnich | 0:2 (0:2) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Bayern Múnich | ||||
| I | Colonia | - | Rangers FC | 2:0 (0:0) | ||
| V | Rangers FC | - | Colonia | 1:1 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Colonia | ||||
| I | Dinamo Zagreb | - | Stuttgart | 1:3 (0:1) | ||
| V | Stuttgart | - | Dinamo Zagreb | 1:1 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Stuttgart | ||||
| I | Partizan | - | Roma | 4:2 (2:1) | ||
| V | Roma | - | Partizan | 2:0 (1:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Roma | ||||
| I | Velež Mostar | - | Os Belenenses | 0:0 (0:0) | ||
| V | Os Belenenses | - | Velež Mostar | 3:4 (0:0, 0:0, 0:0) pn. | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Velež Mostar | ||||
| I | Sporting CP | - | Real Sociedad | 1:2 (1:1) | ||
| V | Real Sociedad | - | Sporting CP | 0:0 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Real Sociedad | ||||
| I | Heart of Midlothian | - | Austria Wien | 0:0 (0:0) | ||
| V | Austria Wien | - | Heart of Midlothian | 0:1 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Heart of Midlothian | ||||
| I | 1. FC Lokomotive Leipzig | - | Nápoles | 1:1 (0:0) | ||
| V | Nápoles | - | 1. FC Lokomotive Leipzig | 2:0 (1:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Nápoles | ||||
| I | Újpesti Dózsa SC | - | Girondins de Burdeos | 0:1 (0:1) | ||
| V | Girondins de Burdeos | - | Újpesti Dózsa SC | 1:0 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Girondins de Burdeos | ||||
| I | Juventus | - | Athletic | 5:1 (3:1) | ||
| V | Athletic | - | Juventus | 3:2 (0:1) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Juventus | ||||
| I | Dynamo Dresden | - | KSV Waregem | 4:1 (3:0) | ||
| V | KSV Waregem | - | Dynamo Dresden | 2:1 (1:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Dynamo Dresden | ||||
| I | First Vienna FC | - | TPS Turku | 2:1 (1:1) | ||
| V | TPS Turku | - | First Vienna FC | 1:0 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: TPS Turku | ||||
| I | Malmoe | - | Inter | 0:1 (0:0) | ||
| V | Inter | - | Malmoe | 1:1 (1:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Inter | ||||
| I | RFC Liège | - | Benfica | 2:1 (0:0) | ||
| V | Benfica | - | RFC Liège | 1:1 (0:1) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: RFC Liège | ||||
| I | FC Groningen | - | Servette FC | 2:0 (1:0) | ||
| V | Servette FC | - | FC Groningen | 1:1 (1:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: FC Groningen | ||||
| I | Dinamo Minsk | - | Victoria Bucuresti | 2:1 (1:0) | ||
| V | Victoria Bucuresti | - | Dinamo Minsk | 1:0 (0:0) | ||
| I: 26.10.1988 | V: 09.11.1988 | Campeones: Victoria Bucuresti | ||||
