| Schweinfurt 05 beat Bayern München II 1-0 (A) on 20 Feb 2004 |
| Bayern München II beat VfB Stuttgart II 3-1 (A) on 9 Nov 2003 |
| VfB Stuttgart II beat Elversberg 3-0 (H) on 24 Aug 2003 |
| Elversberg beat Kaiserslautern II 3-1 (A) on 1 Nov 2003 |
| Kaiserslautern II beat Mainz II 2-0 (A) on 9 Aug 2003 |
| Mainz II beat Saarbrücken 3-0 (A) on 1 Nov 2003 |
| Saarbrücken beat Stuttgarter Kickers 2-1 (A) on 30 Aug 2003 |
| Stuttgarter Kickers beat Rot Weiß Erfurt 2-0 (H) on 16 Aug 2003 |
| Rot Weiß Erfurt beat Kickers Offenbach 2-0 (A) on 19 Aug 2003 |
| Kickers Offenbach beat SC Feucht 3-0 (A) on 25 Oct 2003 |
| SC Feucht beat Eschborn 3-1 (H) on 8 Nov 2003 |
| Eschborn beat SC Pfullendorf 2-0 (A) on 8 Aug 2003 |
| SC Pfullendorf beat Augsburg 3-1 (H) on 23 Aug 2003 |
| Augsburg beat Wehen Wiesbaden 2-0 (H) on 13 Sep 2003 |
| Wehen Wiesbaden beat Sportfreunde Siegen 2-1 (H) on 29 Nov 2003 |
| Sportfreunde Siegen beat TSG Hoffenheim 3-1 (H) on 2 Nov 2003 |
| TSG Hoffenheim beat VfR Aalen 4-1 (A) on 18 Oct 2003 |
| VfR Aalen beat Schweinfurt 05 3-1 (H) on 12 Aug 2003 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.