Round 1
| Team | Player | Pos. | Club |
| 1. NY/NJ | Nicola Caricola | D | Genoa (Italy) |
| 2. NY/NJ | Eduardo Rodriguez | M | free agent |
| 3. San Jose | Roberto Gonzalez | M | Rosario Central (Argentina) |
| 4. Tampa Bay | Evans Wise | M | Egelsbach (Germany) |
| 5. Kansas City Wiz | Pat Harrington | G | Buffalo (NPSL) |
| 6. New England | Alberto Naveda | F | Boca Juniors (Argentina) |
| 7. Los Angeles | Chris Armas | M | Long Island (USISL) |
| 8. Washington | Mario Gori | D | Rosario Central (Argentina) |
| 9. Colorado | Dusty Hudock | G | Seattle (A-League) |
| 10. Columbus | Paul Caligiuri | D | St. Pauli (Germany) |
Round 2
| Team | Player | Pos. | Club |
| 11. NY/NJ | Juninho | M | Barra da Tijuca (Brazil) |
| 12. NY/NJ | Ken Hesse | D | free agent |
| 13. Columbus | Michael Robles | M | free agent |
| 14. Dallas | Vagner | D | Losano Paulista (Brazil) |
| 15. Kansas City | David Moxom | D | Pittsburgh (CISL) |
| 16. New England | Welton | F | America (Brazil) |
| 17. Los Angeles | David Vaudreuil | D | Baltimore (NPSL) |
| 18. Dallas | Chad Ashton | M | free agent |
| 19. Colorado | Richard Sharpe | F | Cocoa (USISL) |
| 20. Columbus | Rob Smith | M | Delaware (USISL) |
Round 3
| Team | Player | Pos. | Club |
| 21. NY/NJ | Tulio | F | 15 de Piracicba (Brazil) |
| 22. NY/NJ | Dan Barber | M | Las Vegas (CISL) |
| 23. San Jose | James Woolridge | D | San Jose (CISL) |
| 24. Tampa Bay | Boniface Okafor | F | free agent |
| 25. Kansas City | Paul Wright | F | Sacramento (CISL) |
| 26. New England | Zak Ibsen | D | Baltimore (NPSL) |
| 27. Los Angeles | Chugger Adair | F | San Diego (CISL) |
| 28. Dallas | John Walker | G | Louisville |
| Colorado | PASS | ||
| 29. Columbus | Kevin East | G | free agent |