The 1994–95 FIBA Korać Cup was the 24th edition of FIBA's Korać Cup basketball competition. The German Alba Berlin defeated the Italian Stefanel Milano in the final. This was the first time a German team won the title.
Team allocation
The labels in the parentheses show how each team qualified for the place of its starting round:
1st, 2nd, 3rd, etc.: League position after Playoffs