The 1994âÂÂ95 Asian Cup Winners' Cup was the fifth edition of association football competition run by the Asian Football Confederation specifically for its members cup holders.
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<onlyinclude></onlyinclude> Pakistan representatives withdrew
<sup>1</sup> Al Tilal withdrew <br> <sup>2</sup> Jonoob Ahvaz also listed as Abva Khak Djonoob and Navard Loleh, both referring to sponsor names
<sup>1</sup> East Bengal withdrew after 1st leg<br> <sup>2</sup> Sri Lanka representatives also listed as Ratnam SC
<sup>1</sup> Al Qadisiya withdrew after 1st leg
<sup>1</sup> Gelora Dewata disqualified due to fielding two ineligible players <br> <sup>2</sup> apparently East Bengal withdrew