| Overall | Team | Player |
|---|---|---|
| 1 | Scouts | Prucha, Petr |
| 2 | North Stars (from Rockies) | Lerg, Jeff |
| 3 | Senators (from Nordiques) | Pogge, Justin |
| 4 | Scouts (from Bruins) | Brouwer, Troy |
| 5 | Barons (from Jets) | Michalek, Zbynek |
| 6 | Barons | Schubert, Christoph |
| 7 | Whalers | Stastny, Paul |
| 8 | Maroons | Brassard, Derick |
| 9 | Pirates | Jurcina, Milan |
| 10 | Tigers | Tlusty, Jiri |
| 11 | Americans | Laich, Brooks |
| 12 | Scouts (from Black Hawks) | Shannon, Ryan |
| 13 | Rockies (from Seals) | Carle, Matt |
| 14 | Nordiques (from Senators) | Sanford, Curtis |
| 15 | Flames | Wideman, Dennis |
| 16 | Maple Leafs | Vasyunov, Alexander |
| 17 | Canadiens | Lascek, Stanislav |
| 18 | Rockies (from North Stars) | Voloshenko, Roman |
| 19 | Rangers | Eager, Ben |
| 20 | Red Wings | Sanguinetti, Bob |
| Overall | Team | Player |
|---|---|---|
| 21 | Senators (from Scouts) | Craig, Ryan |
| 22 | Tigers (from Rockies) | Wishart, Ty |
| 23 | Nordiques | Christensen, Erik |
| 24 | Barons (from Bruins) | Beauchemin, Francois |
| 25 | Tigers (from Jets) | Williams, Nigel |
| 26 | Scouts (from Barons) | Penner, Dustin |
| 27 | Whalers | Fritsche, Tom |
| 28 | Maroons | Cracknell, Adam |
| 29 | Pirates | Ellis, Dan |
| 30 | Tigers | Sauve, Yann |
| 31 | Americans | Pihlman, Tuomas |
| 32 | Scouts (from Black Hawks) | Kana, Tomas |
| 33 | Jets (from Seals) | White, Ian |
| 34 | Tigers (from Senators) | Gillies, Colton |
| 35 | Nordiques (from Flames) | Stempniak, Lee |
| 36 | Maple Leafs | Daniels, Ryan |
| 37 | Canadiens | Kaigorodov, Alexei |
| 38 | North Stars | Thomas, Tim |
| 39 | Rangers | Franson, Cody |
| 40 | Maple Leafs (from Red Wings) | Irving, Leland |
| Overall | Team | Player |
|---|---|---|
| 41 | Scouts | Stewart, Chris |
| 42 | Rockies | Irmen, Danny |
| 43 | Senators (from Nordiques) | Rinne, Pekka |
| 44 | Bruins | Westrum, Erik |
| 45 | Rockies (from Jets) | Kelly, Chris |
| 46 | Barons | Emmerton, Cory |
| 47 | Whalers | Ondrus, Ben |
| 48 | Maroons | Elliott, Brian |
| 49 | Pirates | Raymond, Mason |
| 50 | Rockies (from Tigers) | Keith, Duncan |
| 51 | Americans | |
| 52 | Rockies (from Black Hawks) | Pohl, Johnny |
| 53 | Rockies (from Seals) | Grabovski, Mikhail |
| 54 | Barons (from Senators) | Coleman, Gerald |
| 55 | Barons (from Flames) | Smolenak, Radek |
| 56 | Maple Leafs | Bernier, Jonathan |
| 57 | Canadiens | Krejci, David |
| 58 | North Stars | Ruzicka, David |
| 59 | Rangers | Couture, Logan |
| 60 | Red Wings | Letang, Kris |
| Overall | Team | Player |
|---|---|---|
| 61 | Scouts | Shutron, Ben |
| 62 | Rockies | Backlund, Mikael |
| 63 | Senators (from Nordiques) | Meyer, Freddy |
| 64 | Bruins | Haydar, Darren |
| 65 | Nordiques (from Jets) | Giroux, Claude |
| 66 | Barons | Staal, Jared |
| 67 | Whalers | Kalus, Petr |
| 68 | Maroons | Hennessy, Josh |
| 69 | Pirates | Petrecki, Nick |
| 70 | Flames (from Tigers) | Blunden, Mike |
| 71 | Americans | |
| 72 | Bruins (from Black Hawks) | |
| 73 | North Stars (from Seals) | Berti, Adam |
| 74 | Barons (from Senators) | Torquato, Zack |
| 75 | Flames | Schaefer, Nolan |
| 76 | Maple Leafs | Anisimov, Artem |
| 77 | Canadiens | Shirokov, Sergei |
| 78 | North Stars | Volkov, Igor |
| 79 | Scouts (from Rangers) | Foligno, Nick |
| 80 | Whalers (from Red Wings) | Kohn, Dustin |
| Overall | Team | Player |
|---|---|---|
| 81 | Scouts | Zharkov, Vladimir |
| 82 | Jets (from Rockies) | Goren, Lee |
| 83 | Jets (from Nordiques) | Baumgartner, Nolan |
| 84 | Tigers (from Bruins) | Katic, Mark |
| 85 | Tigers (from Jets) | Doughty, Drew |
| 86 | Barons | Fiala, Ondrej |
| 87 | Whalers | McQuaid, Adam |
| 88 | Maroons | Genoway, Colby |
| 89 | Pirates | Moulson, Matt |
| 90 | Barons (from Tigers) | Edler, Alexander |
| 91 | Americans | |
| 92 | Jets (from Black Hawks) | Sarno, Peter |
| 93 | Rockies (from Seals) | Soderberg, Carl |
| 94 | Nordiques (from Senators) | Greene, Matt |
| 95 | Flames | Helenius, Riku |
| 96 | Maple Leafs | Ahnelov, Jonas |
| 97 | Canadiens | Salak, Alexander |
| 98 | North Stars | Hunter, Dylan |
| 99 | Rangers | Backes, David |
| 100 | Jets (from Red Wings) | Rome, Aaron |
| Overall | Team | Player |
|---|---|---|
| 101 | Scouts | Berglund, Patrik |
| 102 | Barons (from Rockies) | Williams, Jeremy |
| 103 | Nordiques | Latendresse, Olivier |
| 104 | Tigers (from Bruins) | Cowen, Jared |
| 105 | Flames (from Jets) | Giordano, Mark |
| 106 | Barons | Ranger, Paul |
| 107 | Nordiques (from Whalers) | Donati, Justin |
| 108 | Maroons | Lindgren, Perttu |
| 109 | Pirates | Tallackson, Barry |
| 110 | Barons (from Tigers) | Thomas, Bill |
| 111 | Americans | |
| 112 | Jets (from Black Hawks) | Gainey, Steve |
| 113 | Scouts (from Seals) | Hillier, Ryan |
| 114 | Jets (from Senators) | Ellis, Julien |
| 115 | Flames | Gaustad, Paul |
| 116 | Maple Leafs | Enroth, Jhonas |
| 117 | Canadiens | Gogulla, Philipp |
| 118 | North Stars | Crowder, Tim |
| 119 | Rangers | Dallman, Kevin |
| 120 | Jets (from Red Wings) | Machacek, Spencer |