( CNN ) -- Holders Brazil needed a last-gasp equalizer from Fred to salvage a 2-2 draw against Paraguay in their Copa America Group B match Saturday in Cordoba . It was another lackluster performance from the five-time world champions after being held to a goalless draw by Venezuela in the opening match of their title defense . They took a first half lead through Jadson , but trailed 2-1 with only a minute left when substitute Fred spared their blushes . Jadson replaced Robinho in the starting line up as Brazil coach Mano Menezes rung the changes after the disappointing performance against Venezuela . The Shakhtar Donetsk midfielder repaid that confidence with a fine strike six minutes before halftime in the Mario Kempes stadium . But Paraguay , themselves held by Ecuador in their opener , leveled 11 minutes into the second half through Blackburn striker Roque Santa Cruz . Paraguay then took a shock lead with Dani Alvez losing the ball to Santa Cruz , who found Haedo Valdez . He scored with a deflected shot and a real upset looked on the cards . But Menezes replaced Neymar with Fred and he struck at the death to grab a point for the favorites . The start of the 12-team tournament has been marked by sub-par displays from hosts Argentina and Brazil , with both still looking for a victory after two games apiece . The top two teams from each of three groups of four qualify for the quarterfinals with the two third-placed teams with the best record . Venezuela beat Ecuador 1-0 in the Group B match Saturday night .
Holders Brazil held 2-2 by Paraguay in Copa America Group B match . - Argentina won 1-0 against Chile in the first leg of their World Cup playoff at Santiago Bernabeu. Both Brazil and Argentina still to win in Copa after two games apiece .