| OVERALL | PLAYER | TEAM | POSITION |
| 1 | Roman Hamrlik | TBL | D |
| 2 | Alexei Yashin | OTT | C |
| 3 | Mike Rathje | SJS | D |
| 4 | Todd Warriner | QUE | L |
| 5 | Darius Kasparaitis | NYI | D |
| 6 | Cory Stillman | CGY | L |
| 7 | Ryan Sittler | PHI | L |
| 8 | Brandon Convery | TOR | C |
| 9 | Robert Petrovicky | HFD | C |
| 10 | Andrei Nazarov | SJS | L |
| 11 | David Cooper | BUF | D |
| 12 | Sergei Krivokrasov | CHI | R |
| 13 | Joe Hulbig | EDM | L |
| 14 | Sergei Gonchar | WSH | D |
| 15 | Jason Bowen | PHI | D |
| 16 | Dimitri Kvartalnov | BOS | L |
| 17 | Sergei Bautin | WIN | D |
| 18 | Jason Smith | NJD | D |
| 19 | Martin Straka | PIT | C |
| 20 | David Wilkie | MTL | D |
| 21 | Libor Polasek | VAN | C |
| 22 | Curtis Bowen | DET | L |
| 23 | Grant Marshall | TOR | R |
| 24 | Peter Ferraro | NYR | R |