| Tourney Name: | Asian Cup Winners' Cup |
| Year: | 1994–95 |
| Dates: | 25 July 1994 – 22 January 1995 |
| Num Teams: | 20 |
| Champion Other: |  Yokohama Flügels |
| Count: | 1 |
| Second Other: | Al Shaab |
| Third Other: | Al Ittihad |
| Fourth Other: |  Telephone Org. Thailand |
| Player: | Adnan Al Talyani |
| Prevseason: | 1993–94 |
| Nextseason: | 1995 |
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.
| width=10% | ! | width=20% | ! | width=12% | ! | width=20% | ! | width=38% | |
|---|---|---|---|---|---|---|---|---|---|
| 25 July 1994 | Ravshan Kulob | 0–10 | Pakhtakor Tashkent | Dzhambul, Kazakhstan | |||||
| 25 July 1994 | Taraz Club Dzhambul | 8–1 | Alay Osh | Dzhambul, Kazakhstan | |||||
| 27 July 1994 | Alay Osh | 1–3 | Merw Mary | Dzhambul, Kazakhstan | |||||
| 27 July 1994 | Taraz Club Dzhambul | 3–0 | Pakhtakor Tashkent | Dzhambul, Kazakhstan | |||||
| 29 July 1994 | Pakhtakor Tashkent | 5–1 | Alay Osh | Dzhambul, Kazakhstan | |||||
| 29 July 1994 | Merw Mary | 1–0 | Ravshan Kulob | Dzhambul, Kazakhstan | |||||
| 31 July 1994 | Pakhtakor Tashkent | 4–0 | Merw Mary | Dzhambul, Kazakhstan | |||||
| 31 July 1994 | Taraz Club Dzhambul | 8–1 | Ravshan Kulob | Dzhambul, Kazakhstan | |||||
| 2 August 1994 | Alay Osh | 0–2 | Ravshan Kulob | Dzhambul, Kazakhstan | |||||
| 2 August 1994 | Merw Mary | 1–8 | Taraz Club Dzhambul | Dzhambul, Kazakhstan |
| width=10% | ! | width=20% | ! | width=12% | ! | width=20% | ! | width=38% | |
|---|---|---|---|---|---|---|---|---|---|
| 3 August 1994 | Renown SC | unk | Club Lagoons | Colombo, Sri Lanka | |||||
| 5 August 1994 | East Bengal | 4–0 | Club Lagoons | Colombo, Sri Lanka | |||||
| 7 August 1994 | Renown SC | 2–1 | East Bengal | Colombo, Sri Lanka |
|}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
|}
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