| Round 1 |
| 1 | PHX | J.T.Snow | 1B | LOU |
| 2 | LIS | Greg Vaughn | OF | ARK |
| 3 | HON | Donovan Osborne | SP | SAC |
| 4 | CAR | Chili Davis | DH | LOU |
Round 2 |
| 5 | PHX | Chris Hoiles | C | LOU |
| 6 | LIS | John Smiley | SP | ARK |
| 7 | HON | Larry Walker | OF | AUS |
| 8 | CAR | Gary Gaetti | 3B | JER |
Round 3 |
| 9 | PHX | Jose Mesa | RP | VAN |
| 10 | LIS | Scott Servais | C | NWK |
| 11 | HON | Heath Slocumb | RP | JER |
| 12 | CAR | Mike Mussina | SP | AUS |
Round 4 |
| 13 | PHX | Carlos Baerga | 2B | ARK |
| 14 | LIS | Will Clark | 1B | TOL |
| 15 | HON | Gregg Jefferies | 1B | JER |
| 16 | CAR | Hal Morris | 1B | SAC |
Round 5 |
| 17 | PHX | Tim Naehring | 3B | ARK |
| 18 | LIS | Randy Velarde | 2B | VAN |
| 19 | HON | Mike MacFarlane | C | AUS |
| 20 | CAR | Brian McRae | OF | ARK |
Round 6 |
| 21 | PHX | John Mabry | OF | AUS |
| 22 | LIS | Chuck Finley | SP | SAC |
| 23 | HON | Tony Phillips | 2B | VAN |
| 24 | CAR | Jose Valentin | SS | NWK |
Round 7 |
| 25 | PHX | David Wells | SP | SAC |
| 26 | LIS | Royce Clayton | SS | AUD |
| 27 | HON | Otis Nixon | OF | COL |
| 28 | CAR | Mickey Tettleton | 1B | JER |
Round 8 |
| 29 | PHX | Chad Curtis | OF | JER |
| 30 | LIS | Garret Anderson | OF | ARK |
| 31 | HON | David Segui | 1B | ARK |
| 32 | CAR | Tim Wakefield | SP | AUS |
Round 9 |
| 33 | PHX | Sterling Hitchcock | SP | TOL |
| 34 | LIS | Pedro Astacio | SP | ARK |
| 35 | HON | Jeff Russell | RP | LOU |
| 36 | CAR | Jack McDowell | SP | JER |
Round 10 |
| 37 | PHX | Greg McMichael | RP | AUS |
| 38 | LIS | Jeff Montgomery | RP | AUS |
| 39 | HON | Jaime Navarro | SP | SAC |
| 40 | CAR | Delino DeShields | 2B | JER |
Round 11 |
| 41 | PHX | Orlando Merced | OF | LOU |
| 42 | LIS | Antonio Osuna | RP | TOL |
| 43 | HON | Jay Bell | SS | TOL |
| 44 | CAR | Devon White | OF | JER |
Round 12 |
| 45 | PHX | Jason Isringhausen | SP | COL |
| 46 | LIS | Rondell White | OF | LOU |
| 47 | HON | Kurt Abbott | IF | LOU |
| 48 | CAR | Roger Pavlik | SP | JER |
Round 13 |
| 49 | PHX | Gary DiSarcina | SS | VAN |
| 50 | LIS | Brian L. Hunter | OF | NOR |
| 51 | HON | Bruce Ruffin | RP | COL |
| 52 | CAR | Norm Charlton | RP | NWK |
Round 14 |
| 53 | PHX | Jim Poole | RP | VAN |
| 54 | LIS | Mark Portugal | RP | TOL |
| 55 | HON | Bob Patterson | SP | NOR |
| 56 | CAR | Dave Mlicki | 2B | ARK |
Round 15 |
| 57 | PHX | Steve Avery | SP | COL |
| 58 | LIS | Mark Carreon | OF | VAN |
| 59 | HON | Steve Reed | RP | VAN |
| 60 | CAR | Doug Henry | RP | VAN |
Round 16 |
| 61 | PHX | Bip Roberts | 2B | AUS |
| 62 | LIS | Jesse Orosco | RP | NOR |
| 63 | HON | David Justice | OF | SAC |
| 64 | CAR | Charles Johnson | C | NWK |
Round 17 |
| 65 | PHX | Deion Sanders | OF | NOR |
| 66 | LIS | Mike Blowers | 3B | JER |
| 67 | HON | Mike Hampton | SP | SAC |
| 68 | CAR | Jerry DiPoto | RP | TOL |
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