Date: October 16, 1998
Venue: Ginasio da Portuguesa
City: Sao Paulo, Brazil
Alternate Bouts
- Lightweight Alternate bout: Cesar Marscucci vs. Paulo Santos
- Marscucci wins by TKO due to strikes at 10:27.
- Middleweight Alternate bout: Tulio Palhares vs. Adriano Santos
- Palhares wins by TKO (referee stoppage due to strikes) at 9:00.
Main Card
- Middleweight bout: Ebenezer Fontes Braga vs. Jeremy Horn
- Braga wins by submission (guillotine choke) at 3:28.
- Heavyweight bout: Tsuyoshi Kosaka vs. Pete Williams
- Kosaka wins by unanimous decision at 15:00.
- Welterweight Championship bout: Pat Miletich vs. Mikey Burnett
- Miletich wins by split decision at 21:00 to become the first UFC Welterweight championship.
- Heavyweight bout: Pedro Rizzo vs. Tank Abbott
- Rizzo wins by KO at 8:07.
- Middleweight bout: Vitor Belfort vs. Wanderlei Silva
- Belfort wins by TKO (referee stoppage due to strikes) at 0:44.
- Middleweight Championship bout: Frank Shamrock (c) vs. John Lober
- Shamrock wins by submission (strikes) at 7:41 to retain the UFC Middleweight championship.
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