Date: December 21st, 1997
Venue: Yokohama Arena
City: Yokohama, Japan
- Heavyweight Alternate bout: Tra Telligman vs. Brad Kohler
- Telligman wins via submission (armbar) at 10:10.
- Heavyweight Tournament Semifinals: Tank Abbott vs. Yoji Anjo
- Abbott wins via unanimous decision at 15:00. Abbott is unable to continue in the tournament due to a broken hand.
- Heavyweight Tournament Semifinals: Kazushi Sakuraba vs. Marcus Silveira
- Ruled a No Contest (referee stopped the bout early at 1:51)
- Middleweight Championship bout: Frank Shamrock vs. Kevin Jackson
- Shamrock wins via submission (armbar) at 0:16.
- Heavyweight Superfight: Vitor Belfort vs. Joe Charles
- Belfort wins via submission (armbar) at 4:04.
- Heavyweight Tournament Finals: Kazushi Sakuraba vs. Marcus Silveira
- Sakuraba wins via submission (armbar) at 3:45. Due to the NC, and Tank Abbott bowing out of the tournament, UFC officials ruled that a rematch between Sakuraba and Silveira would serve as the Heavyweight Tournament Finals.
- Heavyweight Championship bout: Maurice Smith (c) vs. Randy Couture
- Couture wins via majority decision at 21:00 to become the new UFC Heavyweight Champion.
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