Stage 1
- Group A Mexico U23, (Host), Costa Rica U23, Jamaica U23, Trinidad & Tobago U23
- Group B United States U23, Honduras U23 (Holder), Canada U23, Panama U23
| Costa Rica U23, Jamaica U23 | ||||
| 2 February 2004 | Guadalajara (Mexico) | Costa Rica U23 | (0) 3-0 (0) | Jamaica U23 |
| Mexico U23, Trinidad & Tobago U23 | ||||
| 2 February 2004 | Guadalajara (Mexico) | Mexico U23 | (1) 3-1 (1) | Trinidad Tobago U23 |
| Costa Rica U23, Trinidad & Tobago U23 | ||||
| 4 February 2004 | Guadalajara (Mexico) | Costa Rica U23 | (1) 4-0 (0) | Trinidad & Tobago U23 |
| Mexico U23, Jamaica U23 | ||||
| 4 February 2004 | Guadalajara (Mexico) | Mexico U23 | (3) 4-0 (0) | Jamaica U23 |
| Jamaica U23, Trinidad & Tobago U23 | ||||
| 6 February 2004 | Guadalajara (Mexico) | Jamaica U23 | (0) 1-2 (1) | Trinidad & Tobago U23 |
| Mexico U23, Costa Rica U23 | ||||
| 6 February 2004 | Guadalajara (Mexico) | Mexico U23 | (1) 1-1 (1) | Costa Rica U23 |
| 1 | Costa Rica U23 | 3 | 2 | 1 | 0 | 8-1 | 7 | 7 |
| 2 | Mexico U23 | 3 | 2 | 1 | 0 | 8-2 | 6 | 7 |
| 3 | Trinidad & Tobago U23 | 3 | 1 | 0 | 2 | 3-8 | -5 | 3 |
| 4 | Jamaica U23 | 3 | 0 | 0 | 3 | 1-9 | -8 | 0 |
| Honduras U23, Canada U23 | ||||
| 3 February 2004 | Guadalajara (Mexico) | Honduras U23 | (0) 1-0 (0) | Canada U23 |
| United States U23, Panama U23 | ||||
| 3 February 2004 | Guadalajara (Mexico) | United States U23 | (3) 4-3 (0) | Panama U23 |
| Honduras U23, Panama U23 | ||||
| 5 February 2004 | Guadalajara (Mexico) | Honduras U23 | (2) 3-1 (1) | Panama U23 |
| United States U23, Canada U23 | ||||
| 5 February 2004 | Guadalajara (Mexico) | United States U23 | (1) 2-0 (0) | Canada U23 |
| Canada U23, Panama U23 | ||||
| 7 February 2004 | Guadalajara (Mexico) | Canada U23 | (1) 1-2 (1) | Panama U23 |
| United States U23, Honduras U23 | ||||
| 7 February 2004 | Guadalajara (Mexico) | United States U23 | (1) 4-3 (1) | Honduras U23 |
| 1 | United States U23 | 3 | 3 | 0 | 0 | 10-6 | 4 | 7 |
| 2 | Honduras U23 | 3 | 2 | 0 | 1 | 7-5 | 2 | 6 |
| 3 | Panama U23 | 3 | 1 | 0 | 2 | 6-8 | -2 | 3 |
| 4 | Canada U23 | 3 | 0 | 0 | 3 | 1-9 | -8 | 0 |
Stage 2
| Costa Rica U23 (Final) Honduras U23 (Holder) (3 / 4) Costa Rica U23 (Olympic Games Greece 2004) |
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| Costa Rica U23, Honduras U23 | ||||
| 10 February 2004 | Guadalajara (Mexico) | Costa Rica U23 | (1) 2-0 (0) | Honduras U23 |
| Mexico U23 (Host) (Final) United States U23 (3 / 4) Mexico U23 (Host) (Olympic Games Greece 2004) |
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| Mexico U23 (Host), United States U23 | ||||
| 10 February 2004 | Guadalajara (Mexico) | Mexico U23 | (2) 4-0 (0) | United States U23 |
| 3 Honduras U23 (Holder) 4 United States U23 |
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| United States U23, Honduras U23 | ||||
| 12 February 2004 | Guadalajara (Mexico) | United States U23 | (0) (1) 1-1 (1) (0) 3-4 |
Honduras U23 |
| 1 Mexico U23 (Host) (Olympic Games Greece 2004 North & Central American & Caribbean Zone Qualifying) 2 Costa Rica U23 |
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| Mexico U23, Costa Rica U23 | ||||
| 12 February 2004 | Guadalajara (Mexico) | Mexico U23 | (0) (0) 1-0 (0) (0) | Costa Rica U23 |