12 to 17 Oct. 2004 - Samara and St.Petersburg in Russia.
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Event Standings
| Rank | Team | GP | W-L |
|---|---|---|---|
| 1. | VBM-SGAU | 5 | 5 - 0 |
| 2. | Lotos | 5 | 3 - 2 |
| 3. | Baltiyskaya Zwezda | 5 | 3 - 2 |
| 4. | Dandenong Rangers | 5 | 2 - 3 |
| 5. | ADCF Unimed | 5 | 2 - 3 |
| 6. | WKBL Selected Team | 5 | 1 - 4 |
| 7. | Basketball Club Habana | 5 | 3 - 2 |
| 8. | Cathay Life Insurance | 5 | 1 - 4 |