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The 1994–95 FIBA European Cup was the twenty-ninth edition of FIBA's 2nd-tier level European-wide professional club basketball competition. It occurred between September 6, 1994, and March 14, 1995. The final was held at the Abdi İpekçi Arena, Istanbul, Turkey. Benetton Treviso defeated Taugrés, in front of 6,000 spectators.

Team allocation

The labels in the parentheses show how each team qualified for the place of its starting round:

Third round
Maes Flandria (QR2)	Thames Valley Tigers (QR2)	SWH/Brocēni (QR2)	Fidefinanz Bellinzona (QR2)
Croatia Osiguranje Split (QR2)	Olympique Antibes (QR2)	Žalgiris (QR2)	Inpromservis Kyiv (QR2)
Pezoporikos-AEK Larnaca (QR2)	Danone Honvéd (QR2)	Baník Cígeľ Prievidza (QR2)
Bioveta COOP Banka Brno (QR2)	Hapoel Tel Aviv (QR2)	Kärcher Hisings-Kärra (QR2)
Second round
Zagreb (3rd)	Iraklis Aspis Pronoia (CF)	Ovarense (CF)	Fenerbahçe (CF)
SIG Strasbourg (CF)	Hapoel Jerusalem (3rd)	Kovinotehna Savinjska Polzela (CF)
SSV Brandt Hagen (CW)	Benetton Treviso (CW)	Taugres (CF)
First round
Vllaznia (CW)	APOEL (CW)	Atletas (2nd)	Universitatea Cluj
UKJ SÜBA Sankt Pölten (CW)	BHC SKP Pardubice (CW)	Union Sportive Hiefenech (CW)	Avtodorozhnik (2nd)
Durox Leuven (CF)	Tapiolan Honka (10th)	MZT Skopje (CF)	Slovakofarma Pezinok (2nd)
Čelik	Marc-Kormend (CW)	Mustang Jeans Den Helder (CW)	Norrkoping Dolphins (2nd)
Plama Pleven (CF)	Bonus (2nd)	WTK Nobiles Wloclawek (2nd)	Kyiv-Basket (2nd)

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Union Sportive Hiefenech	161–177	Slovakofarma Pezinok	83–96	78–81
Vllaznia	158–170	Universitatea Cluj	86-87	72–83
Durox Leuven	170–181	Norrköping Dolphins	85–90	85–91
Čelik	123–168	Marc Körmend	55–76	68–92
MZT Skopje	124–134	Atletas	80–74	44–60
Tapiolan Honka	123–186	Nobiles Włocławek	81–90	82–96
SÜBA Sankt Pölten	165–157	BHC SKP Pardubice	89–86	76–71
Bonus	186–167	Avtodorozhnik	95–79	91–88
APOEL	160–162	Plama Pleven	78–64	82–98
Kyiv-Basket	159–152	Mustang Jeans Den Helder	89–63	70–89

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Slovakofarma Pezinok	151–174	Taugrés	65–84	86–90
Universitatea Cluj	120–171	SIG Strasbourg	54-88	66–83
Norrköping Dolphins	157–169	Zagreb	83–74	74–95
Marc Körmend	117–148	Iraklis Aspis Pronoia	51–60	66–88
Atletas	133–138	Hapoel Jerusalem	77–62	56–76
Nobiles Włocławek	159–157	Ovarense	75–58	84–99
SÜBA Sankt Pölten	148–210	Fenerbahçe	81–79	67–131
Bonus	156–166	Kovinotehna Savinjska Polzela	89–84	67–82
Plama Pleven	153–197	Benetton Treviso	77–87	76–110
Kyiv-Basket	169–160	Brandt Hagen	77–70	92–90

Wild card to participate in the European Cup for the Loser clubs* of the 1/16 finals of the 1994–95 FIBA European League.

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Thames Valley Tigers	146–148	Croatia Osiguranje	77–72	69–76
Inpromservis Kyiv	186–219	Kyiv-Basket	91–118	95–101
Žalgiris	172–177	Nobiles Włocławek	99–88	73–89
Zagreb	143–162	Olympique Antibes	82–79	61–83
Bioveta COOP Banka Brno	138–165	Hapoel Tel Aviv	72–79	66–86
Danone Honvéd	150–185	Maes Flandria	80–94	70–91
Hapoel Jerusalem	157–161	Taugrés	91–82	66–79
SIG Strasbourg	145–149	Fidefinanz Bellinzona	72–72	73–77
Kovinotehna Savinjska Polzela	130–163	Iraklis Aspis Pronoia	66–69	64–94
Fenerbahçe	160–157	Kärcher Hisings-Kärra	81–62	79–95
Pezoporikos-AEK Larnaca	140–219	Benetton Treviso	91–109	49–110
SWH/Brocēni	168–131	Baník Cígeľ Prievidza	86–65	82–66

Key to colors
	Qualified to semifinals
	Eliminated