| | Team | Player, Last Team | Pos |
|---|
| 1 | Atlanta | Ilya Kovalchuk, Spartak (Rus) | R |
| 2 | a-Ottawa | Jason Spezza, Windsor (OHL) | C |
| 3 | Tampa Bay | Alexander Svitov, Omsk (Rus) | C |
| 4 | Florida | Stephen Weiss, Plymouth (OHL) | C |
| 5 | Anaheim | Stanislav Chistov, Omsk (Rus) | C |
| 6 | Minnesota | Mikko Koivu, TPS Turku (Fin) | C |
| 7 | Montreal | Mike Komisarek, Michigan (CCHA) | D |
| 8 | Columbus | Pascal Leclaire, Halifax (QMJHL) | G |
| 9 | Chicago | Tuomo Ruutu, Jokerit (Fin) | C |
| 10 | NY Rangers | Dan Blackburn, Kootenay (WHL) | G |
| 11 | b-Phoenix | Fredrik Sjostrom, Frolunda (Swe) | R |
| 12 | Nashville | Dan Hamhuis, Prince George (WHL) | D |
| 13 | c-Edmonton | Ales Hemsky, Hull (QMJHL) | R |
| 14 | d-Calgary | Chuck Kobasew, Boston Coll. (HE) | R |
| 15 | Carolina | Igor Knyazev, Spartak (Rus) | D |
| 16 | Vancouver | R.J. Umberger, Ohio St. (CCHA) | C |
| 17 | Toronto | Carlo Colaiacovo, Erie (OHL) | D |
| 18 | Los Angeles | Jens Karlsson, Frolunda (Swe) | R |
| 19 | e-Boston | Shaone Morrisonn, Kamloops (WHL) | D |
| 20 | San Jose | Marcel Goc, Schwenningen (Ger) | C |
| 21 | Pittsburgh | Colby Armstrong, Red Deer (WHL) | R |
| 22 | Buffalo | Jiri Novotny, Budejovice Jr. (Cze) | C |
| 23 | f-Ottawa | Tim Gleason, Windsor (OHL) | D |
| 24 | g-Florida | Lukas Krajicek, Peterborough (OHL) | D |
| 25 | h-Montreal | Alexander Perejougin, Omsk (Rus) | C |
| 26 | Dallas | Jason Bacashihua, Chicago (NAHL) | G |
| 27 | i-Philadelphia | Jeff Woywitka, Red Deer (OHL) | D |
| 28 | New Jersey | Adrian Foster, Saskatoon (WHL) | L |
| 29 | j-Chicago | Adam Munro, Erie (OHL) | G |
| 30 | k-Los Angeles | David Steckel, Ohio St. (CCHA) | C |
| 31 | l-Phoenix | Matthew Spiller, Seattle (WHL) | D |
| 32 | m-Buffalo | Derek Roy, Kitchener (OHL) | C |
| 33 | n-Nashville | Timofei Shishkanov, Spartak (Rus) | L |
| 34 | Florida | Greg Watson, Prince Albert (WHL) | C |
| 35 | Anaheim | Mark Popovic, St. Michael's (OHL) | D |
| 36 | Minnesota | Kyle Wanvig, Red Deer (WHL) | R |
| 37 | Montreal | Duncan Milroy, Swift Current (WHL) | R |
| 38 | Columbus | Tim Jackman, MSU-Mankato (WCHA) | R |
| 39 | o-Toronto | Karel Pilar, Litvinov (Cze) | D |
| 40 | NY Rangers | Fedor Tjutin, St. Petersburg (Rus) | D |
| 41 | Calgary | Andrei Taratukhin, Omsk (Rus) | C |
| 42 | Nashville | Tomas Slovak, Kosice (Svk) | D |
| 43 | c-Edmonton | Doug Lynch, Red Deer (WHL) | D |
| 44 | d-New Jersey | Igor Pohanka, Prince Albert (WHL) | C |
| 45 | Phoenix* | Martin Podlesak, Lethbridge (WHL) | C |
| 46 | Carolina | Michael Zigomanis, Kingston (OHL) | C |
| 47 | p-Tampa Bay | Alexander Polushin, Tver (Rus) | L |
| 48 | p-New Jersey* | Thomas Pihlman, Jyvaskyla (Fin) | L |
| 49 | q-Los Angeles | Mike Cammalleri, Michigan (CCHA) | C |
| 50 | Buffalo* | Chris Thorburn, North Bay (OHL) | C |
