|Dates||January 15 - February 12|
|Teams||5 (from 1 confederation)|
|Venue(s)||1 (in 1 host city)|
|Goals scored||47 (4.7 per match)|
|Top scorer(s)|| Teodoro Fernández |
|Best player(s)||Teodoro Fernández|
The participating countries were Chile, Ecuador, Paraguay, Peru, and Uruguay. Although CONMEBOL member since 1927, this tournament was the first time the Ecuadorian side participated. Colombia -member since 1936- withdrew again from the tournament, as well as Argentina, Bolivia and Brazil. Peru won for the first time.
Each team played against each of the other teams. Two (2) points were awarded for a win, one (1) point for a draw and zero (0) points for a defeat.
|1939 South American Championship Champions|