| 1988 McDonald's Open | |
| League: | McDonald's Open |
| Sport: | Basketball |
| Duration: | 21–24 October |
| Top Scorer: |  Larry Bird & Drazen Petrovic (56 pts) |
| Finals Champ: | Boston Celtics |
| Finals Runner-Up: |  Real Madrid |
| Finals Mvp: | Larry Bird |
| Seasonslistnames: | McDonald's Championship |
| Prevseason Link: | 1987 McDonald's Open |
| Prevseason Year: | 1987 McDonald's Open |
| Nextseason Year: | 1989 McDonald's Open |
| Nextseason Link: | 1989 McDonald's Open |
The 1988 McDonald's Open took place at Palacio de los Deportes in Madrid, Spain.
| Club | Qualified as | |
|---|---|---|
| Real Madrid | Host club | |
 Scavolini Pesaro | Champions of the 1987–88 Serie A | |
| Yugoslavia | Olympic silver of the 1988 Summer Olympics Basketball Tournament | |
| Boston Celtics | Official guest from the NBA (3rd place 1987-88 NBA season) |
All games were held at the Palacio de los Deportes in Madrid, Spain.
| width=25 | Pos. | width=220 | Club | width=25 | Rec. |
|---|---|---|---|---|---|
| 2–0 | |||||
| 1–1 | |||||
| 1–1 | |||||
| 4th | 0–2 |