The 1998 Espirito Santo Trophy took place 12–15 November at Prince of Wales Country Club in Santiago, Chile. It was the 18th women's golf World Amateur Team Championship for the Espirito Santo Trophy. The tournament was a 72-hole stroke play team event. There were 33 team entries, each with three players. The best two scores for each round counted towards the team total. The individual title went to Jenny Chuasiriporn, United States, whose score of 12-under-par, 276, was seven strokes ahead of her teammate .