The third UEFA Women's Cup took place during the 2003–04 season.

It was convincingly won by reigning champions Umeå IK of Sweden in a two-legged final against 1.

Both sides were aiming for their second win in the tournament.

Matches were played in Novo Mesto, Slovenia.

Matches were played at Tekstylnyk Stadium, Chernihiv; imeni Yuriya Gagarina, Chernihiv, and Spartak Stadium, Nizhyn.