| Overall | Team | Player |
|---|---|---|
| 1 | Senators | Hall, Adam |
| 2 | Black Hawks | Boguniecki, Eric |
| 3 | Rockies | Abid, Ramzi |
| 4 | Maple Leafs | Fleury, Marc-Andre |
| 5 | North Stars | Staal, Eric |
| 6 | Canadiens | Parise, Zach |
| 7 | Flames | Kotalik, Ales |
| 8 | Scouts (from Maroons) | Surovy, Tomas |
| 9 | Maroons (from Barons) | Grenier, Martin |
| 10 | North Stars (from Americans) | Nurminen, Pasi |
| 11 | Nordiques | Phaneuf, Dion |
| 12 | Red Wings | Surma, Damian |
| 13 | Scouts | Backman, Christian |
| 14 | Rangers | DeFauw, Brad |
| 15 | Jets | Emery, Ray |
| 16 | Whalers | Goc, Marcel |
| 17 | Tigers | Cheechoo, Jonathan |
| 18 | Barons (from Bruins) | Weinhandl, Mattias |
| 19 | Pirates | Rupp, Michael |
| 20 | Maple Leafs (from Seals) | Horton, Nathan |
| Overall | Team | Player |
|---|---|---|
| 21 | Barons (from Black Hawks) | Suter, Ryan |
| 22 | Rockies | Bierk, Zac |
| 23 | Maple Leafs | Vanek, Thomas |
| 24 | Senators | Carter, Jeff |
| 25 | North Stars | Sauer, Kurt |
| 26 | Canadiens | Eaves, Patrick |
| 27 | Flames | Nilsson, Robert |
| 28 | Black Hawks (from Maroons) | Bayda, Ryan |
| 29 | North Stars (from Barons) | Grigorenko, Igor |
| 30 | North Stars (from Americans) | Kostitsyn, Andrei |
| 31 | Nordiques | Seabrook, Brent |
| 32 | Red Wings | MacNeil, Ian |
| 33 | Scouts | McMorrow, Sean |
| 34 | Tigers (from Rangers) | Aulin, Jared |
| 35 | Jets | Brown, Dustin |
| 36 | Whalers | Jessiman, Hugh |
| 37 | Tigers | Lasak, Jan |
| 38 | Barons (from Bruins) | Dimitrakos, Niko |
| 39 | Pirates | Boyle, Brian |
| 40 | Black Hawks (from Seals) | Daley, Trevor |
| Overall | Team | Player |
|---|---|---|
| 41 | Black Hawks | Sivek, Michal |
| 42 | Rockies | Bednar, Jaroslav |
| 43 | Maple Leafs | Sejna, Peter |
| 44 | Senators | |
| 45 | North Stars | Pisani, Fernando |
| 46 | Canadiens | Seidenberg, Dennis |
| 47 | North Stars (from Flames) | Tyutin, Fedor |
| 48 | Maroons | Eaton, Mark |
| 49 | Barons | Walser, Derrick |
| 50 | North Stars (from Americans) | Getzlaf, Ryan |
| 51 | Bruins (from Nordiques) | Focht, Dan |
| 52 | Red Wings | Kelly, Steve |
| 53 | Black Hawks (from Scouts) | Morrisonn, Shaone |
| 54 | Rangers | Tambellini, Jeff |
| 55 | Jets | Fehr, Eric |
| 56 | Whalers | Bernier, Steve |
| 57 | Tigers | Garon, Mathieu |
| 58 | Barons (from Bruins) | Pothier, Brian |
| 59 | Jets (from Pirates) | Burns, Brent |
| 60 | Red Wings (from Seals) | Gerber, Martin |
| Overall | Team | Player |
|---|---|---|
| 61 | Barons (from Black Hawks) | Tapper, Brad |
| 62 | Rockies | Dicaire, Gerard |
| 63 | Maple Leafs | Kunitz, Chris |
| 64 | Senators | |
| 65 | North Stars | McLennan, Jamie |
| 66 | Canadiens | Vrana, Petr |
| 67 | Flames | Ahonen, Ari |
| 68 | Maroons | Lintner, Richard |
| 69 | Black Hawks (from Barons) | Belle, Shawn |
| 70 | North Stars (from Americans) | Liv, Stefan |
| 71 | Bruins (from Nordiques) | Henry, Alex |
| 72 | Red Wings | |
| 73 | Rockies (from Scouts) | Lane, Jesse |
| 74 | Rockies (from Rangers) | Locke, Corey |
| 75 | Jets | Howard, Jimmy |
| 76 | Whalers | Stuart, Mark |
| 77 | Tigers | Bacashihua, Jason |
| 78 | Bruins | Berenzweig, Bubba |
| 79 | Tigers (from Pirates) | Klepis, Jakub |
| 80 | Red Wings (from Seals) |
| Overall | Team | Player |
|---|---|---|
| 81 | Black Hawks | Toivonen, Hannu |
| 82 | Tigers (from Rockies) | Niinimaki, Jesse |
| 83 | Maple Leafs | LeNeveu, David |
| 84 | Rockies (from Senators) | Mapletoft, Justin |
| 85 | North Stars | Stevenson, Grant |
| 86 | Canadiens | Santala, Tommi |
| 87 | Flames | Pirjeta, Lasse |
| 88 | Maroons | |
| 89 | Barons | |
| 90 | North Stars (from Americans) | Mirnov, Igor |
| 91 | Bruins (from Nordiques) | LaCouture, Dan |
| 92 | Red Wings | |
| 93 | Black Hawks (from Scouts) | Pouliot, Marc-Antoine |
| 94 | Rangers | Richmond, Danny |
| 95 | Jets | Quincey, Kyle |
| 96 | Rockies (from Whalers) | Kurka, Tomas |
| 97 | Tigers | Krajicek, Lukas |
| 98 | Bruins | Meloche, Eric |
| 99 | Tigers (from Pirates) | Bergenheim, Sean |
| 100 | Rockies (from Seals) | Schremp, Rob |
| Overall | Team | Player |
|---|---|---|
| 101 | Rockies (from Black Hawks) | St. Jacques, Bruno |
| 102 | Rockies | Kanko, Petr |
| 103 | Maple Leafs | Clarke, Noah |
| 104 | Seals (from Senators) | Martin, Paul |
| 105 | North Stars | Groulx, Danny |
| 106 | Canadiens | Urquhart, Cory |
| 107 | Flames | Roy, Derek |
| 108 | Rockies (from Maroons) | Radulov, Igor |
| 109 | Barons | |
| 110 | North Stars (from Americans) | Woywitka, Jeff |
| 111 | Flames (from Nordiques) | Somervuori, Eero |
| 112 | Red Wings | |
| 113 | Tigers (from Scouts) | Polushin, Alexander |
| 114 | Tigers (from Rangers) | Artyukhin, Evgeny |
| 115 | Jets | Munce, Ryan |
| 116 | Whalers | Kesler, Ryan |
| 117 | Tigers | Vagner, Martin |
| 118 | Bruins | Zalesak, Miroslav |
| 119 | Seals (from Pirates) | Leighton, Michael |
| 120 | Seals | Stoll, Jarret |