| Overall | Team | Player |
|---|---|---|
| 1 | Rockies | Ryder, Michael |
| 2 | Rockies (from Maroons) | Zidlicky, Marek |
| 3 | Rockies (from Black Hawks) | Hunter, Trent |
| 4 | Tigers | Crosby, Sidney |
| 5 | North Stars | Exelby, Garnet |
| 6 | Scouts | Fahey, Jim |
| 7 | Whalers | Stajan, Matt |
| 8 | Rangers | Toskala, Vesa |
| 9 | Flames (from Red Wings) | Malone, Ryan |
| 10 | Maple Leafs (from Americans) | Malkin, Evgeni |
| 11 | Senators | |
| 12 | Flames | Montoya, Al |
| 13 | Rockies (from Barons) | Bergeron, Patrice |
| 14 | Maple Leafs | Chipchura, Kyle |
| 15 | Pirates | Poapst, Steve |
| 16 | Canadiens | Anshakov, Sergei |
| 17 | Bruins (from Nordiques) | Wolski, Wojtek |
| 18 | Bruins | Westcott, Duvie |
| 19 | Nordiques (from Seals) | Liles, John-Michael |
| 20 | Maroons (from Jets) | Begin, Steve |
| Overall | Team | Player |
|---|---|---|
| 21 | Rockies (from Maroons) | Lombardi, Matthew |
| 22 | Rockies | Huet, Cristobal |
| 23 | Scouts (from Black Hawks) | Cutta, Jakub |
| 24 | Whalers (from Tigers) | Perrott, Nathan |
| 25 | North Stars | Orpik, Brooks |
| 26 | Scouts | Davison, Rob |
| 27 | Whalers | Richards, Mike |
| 28 | Rangers | Ciernik, Ivan |
| 29 | Pirates (from Red Wings) | Afanasenkov, Dmitry |
| 30 | Maple Leafs (from Americans) | Olesz, Rostislav |
| 31 | Senators | Pisa, Ales |
| 32 | Barons (from Flames) | |
| 33 | Jets (from Barons) | |
| 34 | Maple Leafs | Ladd, Andrew |
| 35 | Red Wings (from Pirates) | Caron, Sebastien |
| 36 | Canadiens | Schwarz, Marek |
| 37 | Nordiques | Stewart, Anthony |
| 38 | Bruins | Schwab, Corey |
| 39 | Maroons (from Seals) | Rycroft, Mark |
| 40 | Jets | Westlund, Tommy |
| Overall | Team | Player |
|---|---|---|
| 41 | Rockies (from Maroons) | Armstrong, Derek |
| 42 | Rockies | Bergeron, Marc-Andre |
| 43 | Scouts (from Black Hawks) | Vandermeer, Jim |
| 44 | Tigers | Grebeshkov, Denis |
| 45 | North Stars | Dawes, Nigel |
| 46 | Scouts | Samuelsson, Martin |
| 47 | Black Hawks (from Whalers) | Perry, Corey |
| 48 | Rangers | Perrin, Eric |
| 49 | Maroons (from Red Wings) | Roussin, Dany |
| 50 | Maple Leafs (from Americans) | Lepisto, Sami |
| 51 | Tigers (from Senators) | Higgins, Chris |
| 52 | Flames | Majesky, Ivan |
| 53 | Pirates (from Barons) | Hensick, T.J. |
| 54 | Maple Leafs | Smith, Tim |
| 55 | Pirates | Zizka, Tomas |
| 56 | Canadiens | Barinka, Michal |
| 57 | Red Wings (from Nordiques) | Salomonsson, Andreas |
| 58 | Red Wings (from Bruins) | Smith, D.J. |
| 59 | Maroons (from Seals) | Chouinard, Marc |
| 60 | Pirates (from Jets) | Krog, Jason |
| Overall | Team | Player |
|---|---|---|
| 61 | Rockies (from Maroons) | Vermette, Antoine |
| 62 | Rockies | Plekanec, Tomas |
| 63 | Scouts (from Black Hawks) | Lupaschuk, Ross |
| 64 | Tigers | Perezhogin, Alexander |
| 65 | North Stars | Fleischmann, Tomas |
| 66 | Scouts | Montador, Steve |
| 67 | Whalers | Eriksson, Loui |
| 68 | Rangers | Law, Kirby |
| 69 | Black Hawks (from Red Wings) | Salmelainen, Tony |
| 70 | Maple Leafs (from Americans) | Pederson, Mark |
| 71 | Tigers (from Senators) | Glazachev, Konstantin |
| 72 | Flames | Picard, Alexandre |
| 73 | Barons | |
| 74 | Maple Leafs | Neilson, Corey |
| 75 | Pirates | Suglobov, Alexander |
| 76 | Canadiens | Valabik, Boris |
| 77 | Nordiques | Fritsche, Dan |
| 78 | Bruins | Chiodo, Andy |
| 79 | Black Hawks (from Seals) | Harding, Josh |
| 80 | Jets | Jaspers, Jason |
| Overall | Team | Player |
|---|---|---|
| 81 | Barons (from Maroons) | |
| 82 | Rockies | Corvo, Joe |
| 83 | Scouts (from Black Hawks) | Hordichuk, Darcy |
| 84 | Tigers | Tootoo, Jordin |
| 85 | North Stars | Pock, Thomas |
| 86 | Scouts | Morisset, David |
| 87 | Whalers | Ramholt, Tim |
| 88 | Pirates (from Rangers) | Shishkanov, Timofei |
| 89 | Barons (from Red Wings) | |
| 90 | Maple Leafs (from Americans) | Bouchard, Robin |
| 91 | Tigers (from Senators) | Trubachev, Yuri |
| 92 | Flames | Conklin, Ty |
| 93 | Barons | |
| 94 | Maple Leafs | St. Pierre, Kevin |
| 95 | Rockies (from Pirates) | McLean, Brett |
| 96 | Canadiens | Wisniewski, James |
| 97 | Nordiques | Cibak, Martin |
| 98 | Bruins | Scuderi, Rob |
| 99 | Maroons (from Seals) | St. Pierre, Martin |
| 100 | Pirates (from Jets) | Meidl, Vaclav |
| Overall | Team | Player |
|---|---|---|
| 101 | Maroons | Redenbach, Tyler |
| 102 | Barons (from Rockies) | |
| 103 | Scouts (from Black Hawks) | Finley, Brian |
| 104 | Tigers | Pushkarev, Konstantin |
| 105 | North Stars | Filppula, Valtteri |
| 106 | Scouts | Brennan, Kip |
| 107 | Tigers (from Whalers) | Miettinen, Antti |
| 108 | Pirates (from Rangers) | O'Neill, Wes |
| 109 | Rockies (from Red Wings) | Boumedienne, Josef |
| 110 | Seals (from Americans) | Foy, Matt |
| 111 | Tigers (from Senators) | Ward, Cam |
| 112 | Flames | Barker, Cam |
| 113 | Barons | |
| 114 | Seals (from Maple Leafs) | Malec, Tomas |
| 115 | Scouts (from Pirates) | MacKenzie, Derek |
| 116 | Canadiens | Stafford, Drew |
| 117 | Nordiques | Medvedev, Andrei |
| 118 | Bruins | Hussey, Matt |
| 119 | Rockies (from Seals) | Kahnberg, Magnus |
| 120 | Jets | Bouck, Tyler |