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| 04.01.1948 | Real Murcia | - | Levante UD | 3:0 | ||
| CD Málacitano | - | Hércules CF | 9:2 | |||
| CD Mestalla | - | Barakaldo CF | 2:0 | |||
| Real Valladolid | - | Racing Ferrol | 2:0 | |||
| CD Castellón | - | Granada CF | 4:0 | |||
| Deportivo La Coruña | - | RCD Mallorca | 5:0 | |||
| CF Badalona | - | RCD Córdoba | 5:2 |
| » Classement | équipe recevante | à l'extérieur | Premier tour | Second tour |
| # | Équipe | M. | G. | N. | P. | Buts | Diff. | Pts. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Real Valladolid | 14 | 8 | 4 | 2 | 29:17 | 12 | 20:8 |
| 2 |
|
CD Málacitano | 14 | 9 | 1 | 4 | 44:26 | 18 | 19:9 |
| 3 |
|
Deportivo La Coruña | 14 | 8 | 2 | 4 | 33:16 | 17 | 18:10 |
| 4 |
|
Hércules CF | 14 | 8 | 0 | 6 | 42:34 | 8 | 16:12 |
| 5 |
|
CF Badalona | 14 | 6 | 3 | 5 | 39:38 | 1 | 15:13 |
| 6 |
|
CD Mestalla | 14 | 6 | 3 | 5 | 28:30 | -2 | 15:13 |
| 7 |
|
Racing Ferrol | 14 | 6 | 2 | 6 | 31:23 | 8 | 14:14 |
| 8 |
|
Real Murcia | 14 | 5 | 4 | 5 | 24:25 | -1 | 14:14 |
| 9 |
|
CD Castellón | 14 | 5 | 2 | 7 | 26:32 | -6 | 12:16 |
| 10 |
|
RCD Mallorca | 14 | 5 | 2 | 7 | 23:40 | -17 | 12:16 |
| 11 |
|
RCD Córdoba | 14 | 4 | 3 | 7 | 20:26 | -6 | 11:17 |
| 12 |
|
Levante UD | 14 | 4 | 2 | 8 | 34:34 | 0 | 10:18 |
| 13 |
|
Granada CF | 14 | 4 | 2 | 8 | 22:34 | -12 | 10:18 |
| 14 |
|
Barakaldo CF | 14 | 5 | 0 | 9 | 23:43 | -20 | 10:18 |
