Australia

(coach : Frank Farina)

GK : Clint Bolton, Mark Bosnich, Zeljko Kalac

DF : Con Blatsis (withdrew late May due to injury), Luke Casserly, Steve Horvat, Stephen Laybutt, Stan Lazaridis, Shaun Murphy, Kevin Muscat, Tony Popovic, Danny Tiatto, Jason van Blerk (added 2/6)

MF : Steve Corica, Brett Emerton, Craig Foster, Brad Maloney (withdrew 26/5 due to knee injury replaced by Simon Colosimo), Gabrial Mendez, Paul Okon, Carl Veart, Aurelio Vidmar, Andrew Marth (added 6/6)

FW : Mark Viduka, Paul Agostino, Clayton Zane, Pablo Cardozo, Scott Chipperfield, Davod Zdrilic

Paraguay

(coach : )

• Jose Luis Chilavert - Velez Sarfield.
• Justo Villar - Sol de America
• Nestor Isasi - Guarani
• Juan Cardozo - Universal de Encarnacion.
• Angel Antar - San Lorenzo.
• Dario Caballero - Cerro Porteno
• Delio Toledo - Espanyol de Barcelona
• Luis Romero - Santos Laguna
• Estanislao Struway - Cerro Porteno
• Nestor Zelaya - Olimpia
• Nery Ortiz - 12 Octubre Itagua
• Raul Avianiagalde - 12 octubre Itagua
• Edgar Robles - San Lorenzo
• Victor Hugo Ortiz - Atletico Colegiales
• Roland Gaona - Sol de America
• Walter Avalos - Olimpia
• Miguel Caceres - Guarani
• Julio Colman - San Lorenzo
• Tomas Gonzales - Cerro Cora
• Isidro Candia - Sportivo Luqueno