1998 FIFA Women's World Cup

Brazil were the defending champions, but lost in the quarterfinals to Argentina in what was a dramatic penalty shootout. An exit from Germany in the quarterfinals by Denmark meant that a first-time finalist was imminent. Serbia and Montenegro defeated Denmark in the semifinals, with Argentina beating former champions Italy. Italy then defeated Denmark in the third place match. In their debut World Cup, Serbia and Montenegro won the tournament, defeating surprise finalists Argentina 3-2.