The 1998 ACC Trophy was a cricket tournament in Nepal, taking place from 3 October to 13 October 1998.

It gave Associate and Affiliate members of the Asian Cricket Council experience of international one-day cricket and also helped form an essential part of regional rankings.

The tournament was won by Bangladesh who defeated Malaysia in the final by 8 wickets.

This would be Bangladesh's final ACC Trophy title prior to their elevation to Test status in 2000.

The following teams took part in the tournament: The top two from each group qualified for the semi-finals.