The fifth edition of the World Cup of Masters was held jointly in Austria and Italy.

This time the edition was expanded to eight "Masters" teams, each playing in two groups of fours with the group winners facing each other in the final.

The teams were reigning champions Brazil, Argentina, Netherlands, hosts Italy and Austria (playing in their first tournament) Germany, Uruguay and England.

Group A was held in Trieste, Italy.

Brazil refused to play in the third place play off, disputing the matter in which they failed to qualify for the final.