| OVERALL | PLAYER | TEAM | POSITION |
| 1 | Patrik Stefan | ATL | C |
| 2 | Daniel Sedin | VAN | L |
| 3 | Henrik Sedin | VAN | C |
| 4 | Pavel Brendl | NYR | R |
| 5 | Tim Connolly | NYI | C |
| 6 | Brian Finley | NSH | G |
| 7 | Kris Beech | WSH | C |
| 8 | Taylor Pyatt | NYI | L |
| 9 | Jamie Lundmark | NYR | C |
| 10 | Branislav Mezei | NYI | D |
| 11 | Oleg Saprykin | CGY | L |
| 12 | Denis Shvidki | FLA | R |
| 13 | Jani Rita | EDM | L |
| 14 | Jeff Jillson | SJS | D |
| 15 | Scott Kelman | PHX | C |
| 16 | David Tanabe | CAR | D |
| 17 | Barret Jackman | STL | D |
| 18 | Konstantin Koltsov | PIT | L |
| 19 | Kirill Safronov | PHX | D |
| 20 | Barrett Heisten | BUF | L |
| 21 | Nick Boynton | BOS | D |
| 22 | Maxime Ouellet | PHI | G |
| 23 | Steve McCarthy | CHI | D |
| 24 | Luca Cereda | TOR | C |
| 25 | Mikhail Kuleshov | COL | L |
| 26 | Martin Havlat | OTT | R |
| 27 | Ari Ahonen | NJD | G |
| 28 | Kristian Kudroc | NYI | D |