The 1994–95 Asian Cup Winners' Cup was the fifth edition of association football competition run by the Asian Football Confederation specifically for its members cup holders.
Pakistan representatives withdrew
1 Al Tilal withdrew 2 Jonoob Ahvaz also listed as Abva Khak Djonoob and Navard Loleh, both referring to sponsor names
1 East Bengal withdrew after 1st leg 2 Sri Lanka representatives also listed as Ratnam SC
1 Al Qadisiya withdrew after 1st leg
1 Gelora Dewata disqualified due to fielding two ineligible players 2 apparently East Bengal withdrew