| Overall | Team | Player |
|---|---|---|
| 1 | Maroons | Niittymaki, Antero |
| 2 | Rockies | Brule, Gilbert |
| 3 | Rockies (from Barons) | Sauve, Philippe |
| 4 | Canadiens (from Tigers) | |
| 5 | Pirates | Preissing, Tom |
| 6 | Scouts | |
| 7 | Maple Leafs (from Americans) | |
| 8 | Whalers | Wheeler, Blake |
| 9 | Nordiques | |
| 10 | Bruins (from Red Wings) | Strbak, Martin |
| 11 | Jets | |
| 12 | Rangers | Gamache, Simon |
| 13 | Senators | Gajic, Milan |
| 14 | Bruins | Kostopoulos, Tom |
| 15 | North Stars | McGrath, Evan |
| 16 | Black Hawks | Tukonen, Lauri |
| 17 | Bruins (from Flames) | Johnson, Aaron |
| 18 | Canadiens | Kudelka, Tomas |
| 19 | Rockies (from Seals) | Svatos, Marek |
| 20 | Maple Leafs | Wallin, Rickard |
| Overall | Team | Player |
|---|---|---|
| 21 | Maroons | Thelen, A.J. |
| 22 | Rockies | King, Jason |
| 23 | Barons | Veilleux, Stephane |
| 24 | Tigers | Latendresse, Guillaume |
| 25 | Pirates | Hale, David |
| 26 | Scouts | |
| 27 | Maple Leafs (from Americans) | |
| 28 | Whalers | Radulov, Alexander |
| 29 | Nordiques | Moen, Travis |
| 30 | Bruins (from Red Wings) | Spiller, Matthew |
| 31 | Jets | |
| 32 | Rangers | Pominville, Jason |
| 33 | Senators | Ryznar, Jason |
| 34 | Bruins | Sim, Jon |
| 35 | North Stars | Kessel, Phil |
| 36 | Black Hawks | Glass, Jeff |
| 37 | Flames | |
| 38 | Canadiens | Sturala, Tomas |
| 39 | Rockies (from Seals) | Stone, Ryan |
| 40 | Maple Leafs | O'Marra, Ryan |
| Overall | Team | Player |
|---|---|---|
| 41 | Maroons | Colliton, Jeremy |
| 42 | Rockies | Lehoux, Yanick |
| 43 | Barons | Gordon, Boyd |
| 44 | Canadiens (from Tigers) | |
| 45 | Pirates | Zajac, Travis |
| 46 | Scouts | |
| 47 | Maple Leafs (from Americans) | Johnson, Jack |
| 48 | Whalers | Korpikoski, Lauri |
| 49 | Nordiques | Vigier, J.P. |
| 50 | Bruins (from Red Wings) | Janik, Doug |
| 51 | Jets | |
| 52 | Rangers | Hauser, Adam |
| 53 | Senators | Potulny, Ryan |
| 54 | Bruins | Zinger, Dwayne |
| 55 | North Stars | Blatak, Miroslav |
| 56 | Black Hawks | Nastiuk, Kevin |
| 57 | Flames | |
| 58 | Canadiens | Lisin, Enver |
| 59 | Red Wings (from Seals) | Krahn, Brent |
| 60 | Maple Leafs | Zagrapan, Marek |
| Overall | Team | Player |
|---|---|---|
| 61 | Maroons | Wellwood, Kyle |
| 62 | Rockies | Meszaros, Andrej |
| 63 | Barons | Ehrhoff, Christian |
| 64 | Tigers | Globke, Rob |
| 65 | Pirates | Armstrong, John |
| 66 | Scouts | |
| 67 | Maple Leafs (from Americans) | Pouliot, Benoit |
| 68 | Whalers | Chucko, Kris |
| 69 | Nordiques | |
| 70 | Rockies (from Red Wings) | Smid, Ladislav |
| 71 | Jets | |
| 72 | Rangers | Roche, Travis |
| 73 | Senators | Goligoski, Alex |
| 74 | Bruins | Korolev, Evgeny |
| 75 | North Stars | Kindl, Jakub |
| 76 | Rockies (from Black Hawks) | Bourret, Alex |
| 77 | Flames | |
| 78 | Canadiens | |
| 79 | Black Hawks (from Seals) | Green, Mike |
| 80 | Maple Leafs | Bergfors, Nicklas |
| Overall | Team | Player |
|---|---|---|
| 81 | Maroons | Weber, Shea |
| 82 | Rockies | Hutchinson, Andrew |
| 83 | Barons | Johnson, Craig |
| 84 | Tigers | Ryan, Bobby |
| 85 | Pirates | Tunik, Evgeny |
| 86 | Scouts | |
| 87 | Maple Leafs (from Americans) | Kopitar, Anze |
| 88 | Whalers | Rogers, Andy |
| 89 | Nordiques | |
| 90 | Black Hawks (from Red Wings) | Lawrence, Chris |
| 91 | Jets | |
| 92 | Rangers | Endicott, Shane |
| 93 | Senators | Ebbett, Andrew |
| 94 | Flames (from Bruins) | |
| 95 | Scouts (from North Stars) | |
| 96 | Black Hawks | Smith, Jordan |
| 97 | Flames | |
| 98 | Canadiens | Sindel, Jakub |
| 99 | Black Hawks (from Seals) | Bolland, Dave |
| 100 | Maple Leafs | Megalinsky, Dmitry |
| Overall | Team | Player |
|---|---|---|
| 101 | Tigers (from Maroons) | Egener, Mike |
| 102 | Rockies | Ruzicka, Stefan |
| 103 | Barons | Schnabel, Robert |
| 104 | Tigers | Khomutov, Ivan |
| 105 | Tigers (from Pirates) | Foster, Adrian |
| 106 | Scouts | |
| 107 | Maple Leafs (from Americans) | Hellstrom, Mattias |
| 108 | Whalers | Kaspar, Lukas |
| 109 | Nordiques | |
| 110 | Red Wings | Pothier, Brian |
| 111 | Jets | |
| 112 | Rangers | Lundqvist, Henrik |
| 113 | Senators | Bertram, Dan |
| 114 | Bruins | Lessard, Francis |
| 115 | North Stars | Sharp, Patrick |
| 116 | Black Hawks | Carson, Brett |
| 117 | Flames | |
| 118 | Canadiens | Sklenar, Jakub |
| 119 | North Stars (from Seals) | Frazee, Jeff |
| 120 | Maple Leafs | Nurmi, Teemu |