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| 11.01.1948 | RCD Mallorca | - | Real Valladolid | 2:3 | ||
| RCD Córdoba | - | CD Mestalla | 3:1 | |||
| Hércules CF | - | CF Badalona | 3:0 | |||
| Racing Ferrol | - | CD Málacitano | 3:1 | |||
| Granada CF | - | Deportivo La Coruña | 1:3 | |||
| Levante UD | - | CD Castellón | 2:0 | |||
| Barakaldo CF | - | Real Murcia | 4:0 |
| » Classement | équipe recevante | à l'extérieur | Premier tour | Second tour |
| # | Équipe | M. | G. | N. | P. | Buts | Diff. | Pts. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Real Valladolid | 15 | 9 | 4 | 2 | 32:19 | 13 | 22:8 |
| 2 |
|
Deportivo La Coruña | 15 | 9 | 2 | 4 | 36:17 | 19 | 20:10 |
| 3 |
|
CD Málacitano | 15 | 9 | 1 | 5 | 45:29 | 16 | 19:11 |
| 4 |
|
Hércules CF | 15 | 9 | 0 | 6 | 45:34 | 11 | 18:12 |
| 5 |
|
Racing Ferrol | 15 | 7 | 2 | 6 | 34:24 | 10 | 16:14 |
| 6 |
|
CF Badalona | 15 | 6 | 3 | 6 | 39:41 | -2 | 15:15 |
| 7 |
|
CD Mestalla | 15 | 6 | 3 | 6 | 29:33 | -4 | 15:15 |
| 8 |
|
Real Murcia | 15 | 5 | 4 | 6 | 24:29 | -5 | 14:16 |
| 9 |
|
RCD Córdoba | 15 | 5 | 3 | 7 | 23:27 | -4 | 13:17 |
| 10 |
|
Levante UD | 15 | 5 | 2 | 8 | 36:34 | 2 | 12:18 |
| 11 |
|
CD Castellón | 15 | 5 | 2 | 8 | 26:34 | -8 | 12:18 |
| 12 |
|
Barakaldo CF | 15 | 6 | 0 | 9 | 27:43 | -16 | 12:18 |
| 13 |
|
RCD Mallorca | 15 | 5 | 2 | 8 | 25:43 | -18 | 12:18 |
| 14 |
|
Granada CF | 15 | 4 | 2 | 9 | 23:37 | -14 | 10:20 |
