TRUJILLO, Peru, July 12 (Reuters) - Venezuela went out of the Copa America on Monday after a 1-1 draw with Bolivia who retained an outside chance of qualifying for the quarter-finals as one of the best third-placed teams.

The draw put hosts Peru, who had four points as they went

into their final match against qualified group A leaders

Colombia later on Monday night, through to the second round.

Bolivia need Chile and Costa Rica to draw 0-0 or 1-1 in

their final group C match on Wednesday to reach the last eight.

Venezuelan striker Ruberth Moran put the "Red Wines" into

the lead with a goal in the 27th minute, knocking in the ball

from six metres after Bolivian keeper Leonardo Fernandez was

unable to hold onto a fierce shot from Richard Paez.

The goal kick-started Bolivia into life and a period of

pressure bore fruit when midfielder Gonzalo Galindo's low drive

found its way through the Venezuelan defence into the bottom

left-hand corner from the edge of the area in the 33rd minute.

Bolivia almost took the lead six minutes later when Limberg

Gutierrez struck a curling free kick that looked sure to go in

to the top left corner, but Venezuelan keeper Gilberto Angelucci

responded to tip the ball over brilliantly.

Gutierrez tested Angelucci again three minutes later with

another free kick from the left, but Angelucci was able to force

a corner.

Bolivia, who were without their injured captain Luis

Cristaldo, a veteran of Bolivia's 1994 World Cup team, also lost

Limbert Pizarro in the 16th minute to injury.

Venezuela were unlucky not to take the lead in the second

half, pouring forward with stylish passing moves and putting a

handful of shots on goal.

Substitute Alex Rondon hit the post in the 75th minute with

a low shot from the left and Fernandez put on a spectacular

display to keep out Rondon's shots right into injury time.

Bolivia were dangerous on the counter-attack and Roger

Suarez missed several good chances, too often putting the ball

into the hands of Angelucci.

Venezuela go out of the tournament with two losses and a

draw, unable to notch up their first Copa win since 1967 despite

their recent good form in the World Cup qualifiers.