| Group D | P | W | D | L | GF | GA | GD | points |
|---|---|---|---|---|---|---|---|---|
 AFC Ajax | 6 | 4 | 2 | 0 | 9 | 2 | 7 | 14 |
 AC Milan | 6 | 3 | 1 | 2 | 6 | 5 | 1 | 10 |
Salzburg | 6 | 1 | 3 | 2 | 4 | 6 | -2 | 6 |
AEK Athens | 6 | 0 | 2 | 4 | 3 | 9 | -6 | 2 |
Wednesday 7 December 1994 | |||||||
| AFC Ajax | 2 | - | 0 | AEK Athens | 18:30 | STATS» | |
| Salzburg | 0 | - | 1 | AC Milan | 18:30 | STATS» | |
Wednesday 23 November 1994 | |||||||
| AC Milan | 0 | - | 2 | AFC Ajax | 18:30 | STATS» | |
| AEK Athens | 1 | - | 3 | Salzburg | 18:30 | STATS» | |
Wednesday 2 November 1994 | |||||||
| AFC Ajax | 1 | - | 1 | Salzburg | 18:30 | STATS» | |
| AC Milan | 2 | - | 1 | AEK Athens | 18:30 | STATS» | |
Wednesday 19 October 1994 | |||||||
| Salzburg | 0 | - | 0 | AFC Ajax | 18:30 | STATS» | |
| AEK Athens | 0 | - | 0 | AC Milan | 18:30 | STATS» | |
Wednesday 28 September 1994 | |||||||
| AEK Athens | 1 | - | 2 | AFC Ajax | 18:30 | STATS» | |
| AC Milan | 3 | - | 0 | Salzburg | 18:30 | STATS» | |
Wednesday 14 September 1994 | |||||||
| AFC Ajax | 2 | - | 0 | AC Milan | 18:30 | STATS» | |
| Salzburg | 0 | - | 0 | AEK Athens | 18:30 | STATS» | |