The 1974 Intercontinental Cup was an association football tie held over two legs in March and April 1975 between Independiente, winners of the 1974 Copa Libertadores, and the runners up of the 1973–74 European Cup, Atlético Madrid, as the winners Bayern Munich declined to participate. The first leg was held on 12 March 1975 at the Estadio Libertadores de América, then known as the Estadio de Independiente or La Doble Visera, home of Independiente. The match finished up as a 1–0 victory for the local team, with a goal scored by Agustín Balbuena in the 34th minute.