In the Copa Libertadores he conquered a place in the Round of 16 by defeating Colo-Colo 1–0 in Santiago, with Cleiton Xavier scoring a last minute long-range goal in the angle of Colo-Colo's goalkeeper.
Oswaldo de Oliveira became the first team coach for Corinthians in 1999 when Vanderlei Luxemburgo left the club to take the Brazil National Team manager role.