The 1998 Liverpool Victoria Charity Challenge was the fourth edition of the professional invitational snooker tournament, which took place between 26 February and 1 March 1998. The tournament was played at the Assembly Rooms in Derby, and featured twelve professional players.

John Higgins won the title, beating Ronnie O'Sullivan 9–8 in the final.

Main draw

Round 1 Best of 9 FramesQuarter-finals Best of 9 FramesSemi-finals Best of 11 FramesFinal Best of 17 Frames
Scotland John Higgins5
England John Parrott5England John Parrott4
Wales Lee Walker0Scotland John Higgins6
Republic of Ireland Ken Doherty5
Republic of Ireland Ken Doherty5
England Steve Davis5England Steve Davis4
England Nigel Bond4Scotland John Higgins9
England Ronnie O'Sullivan8
Wales Mark Williams4
England Ronnie O'Sullivan5England Ronnie O'Sullivan5
Malta Tony Drago1England Ronnie O'Sullivan6
Scotland Stephen Hendry4
Scotland Stephen Hendry5
England Jimmy White5England Jimmy White4
England Peter Ebdon4

Final

Final: Best of 17 frames. Assembly Rooms, Derby, England, 1 March 1998.
John Higgins Scotland9–8Ronnie O'Sullivan England
Afternoon: 79–4 (79), 85–6 (85), 21–74 (74), 70–53, 16–101 (62), 0–98 (98), 52–68, 77–16 (64) Evening: 66–26, 96–0 (79), 65–0 (57), 66–70 (66, 70), 24–64, 67–39 (54), 0–67 (67), 1–74, 84–1 (61)
85Highest break98
0Century breaks0
850+ breaks5