Tournament format:
Teams play a double round robin. The winner of the first round play the winner of the second round in a best of three championship to determine the champion. Ties for round winners are broken by knockout games.
If a team wins both rounds, it is automatically declared the champion, regardless if it was a sweep or not. If a team fails to win either rounds, but ends up with a better over-all record than either of the round winners, that team will challenge the second round winner for a championship slot against the first round winner.
UST won Game 1, 60-55, but FEU forced the decider with a 69-58 win. Ceferino dela Paz scored the marginal points as UST frustrated FEU in the winner-take-all match, 71-68. The series was dubbed as the most exhilarating UAAP conquest in the post war featuring two players who would be future champion coaches of their respective schools: Aric del Rosario of UST, and Danny Gavieres of FEU.