| Round | Pick | Player | Recruited from | Club |
| 1 | 1 | Des Headland | Subiaco Football Club | Brisbane Lions |
| 1 | 2 | Justin Longmuir | West Perth Football Club | Fremantle |
| 1 | 3 | Nic Fosdike | Norwood Football Club | Sydney Swans |
| 1 | 4 | Ryan Fitzgerald | South Adelaide Football Club | Sydney Swans |
| 1 | 5 | Michael Stevens | Murray Bushrangers | Port Adelaide |
| 1 | 6 | Murray Vance | Murray Bushrangers | Carlton |
| 1 | 7 | Josh Carr | East Fremantle Football Club | Port Adelaide |
| 1 | 8 | Jude Bolton | Calder Cannons | Sydney Swans |
| 1 | 9 | Mark McVeigh | NSW/ACT Rams | Essendon |
| 1 | 10 | Brandon Hill | Peel Thunder Football Club | West Coast Eagles |
| 1 | 11 | Lenny Hayes | NSW/ACT Rams | St Kilda |
| 1 | 12 | Adam Ramanauskas | Dandenong Stingrays | Essendon |
| 1 | 13 | Chris Lamb | Murray Bushrangers | Melbourne |
| 1 | 14 | Luke Penny | Oakleigh Chargers | Western Bulldogs |
| 1 | 15 | Brady Rawlings | Tassie Mariners | North Melbourne |
| 1 | 16 | Brett Burton | Woodville-West Torrens Eagles | Adelaide |
| 2 | 17 | Peter Street | Tassie Mariners | Geelong |
| 2 | 18 | Daniel Schell | Central District Football Club | Fremantle |
| 2 | 19 | Nick Davis | NSW/ACT Rams | Collingwood |
| 2 | 20 | Michael Collica | East Fremantle Football Club | Hawthorn |
| 2 | 21 | David Clarke | Geelong Falcons | Geelong |
| 2 | 22 | James Begley | Sturt Football Club | St Kilda |
| 2 | 23 | Chris Ladhams | North Adelaide Football Club | Essendon |
| 2 | 24 | David Wojcinski | Gippsland Power | Geelong |
| 2 | 25 | Aaron Henneman | Murray Bushrangers | Essendon |
| 2 | 26 | Michael O'Brien | Bendigo Pioneers | West Coast Eagles |
| 2 | 27 | Steven Baker | Geelong Falcons | St Kilda |
| 2 | 28 | Heath James | Port Adelaide Magpies | Sydney Swans |
| 2 | 29 | Tyson Stenglein | Subiaco Football Club | Adelaide |
| 2 | 30 | Nicky Winmar | St Kilda | Western Bulldogs |
| 2 | 31 | Gary Dhurrkay | North Melbourne | Fremantle |
| 2 | 32 | David Gallagher | Prahran Dragons | Adelaide |
| 3 | 33 | Craig Bolton | NSW/ACT Rams | Brisbane Lions |
| 3 | 34 | Bryan Beinke | Port Adelaide Magpies | Adelaide |
| 3 | 35 | Brad Oborne | Preston Knights | Collingwood |
| 3 | 36 | Danny Jacobs | Prahran Dragons | Essendon |
| 3 | 37 | Adam Morgan | Oakleigh Chargers | Port Adelaide |
| 3 | 38 | Brendan Fevola | Dandenong Stingrays | Carlton |
| 3 | 39 | Toby Thurstans | Dandenong Stingrays | Port Adelaide |
| 3 | 40 | James White | Oakleigh Chargers | Richmond |
| 3 | 41 | Craig Jacotine | Dandenong Stingrays | Collingwood |
| 3 | 42 | Forfeit | - | West Coast Eagles |
| 3 | 43 | Damien Ryan | Richmond | St Kilda |
| 3 | 44 | Heath Scotland | Western Jets | Collingwood |
| 3 | 45 | Aaron Shattock | Woodville-West Torrens Eagles | Brisbane Lions |
| 3 | 46 | Jay Solomon | Geelong Falcons | Western Bulldogs |
| 3 | 47 | Nicolas Lowther | Preston Knights | North Melbourne |
| 3 | 48 | Lucas Herbert | North Adelaide Football Club | Adelaide |
| 4 | 49 | Garth Taylor | Swan Districts Football Club | Fremantle |
| 4 | 50 | Damien Adkins | Gippsland Power | Collingwood |
| 4 | 51 | David Loats | Geelong Falcons | Hawthorn |
| 4 | 52 | Ryan O'Connor | Essendon | Sydney Swans |
| 4 | 53 | Troy Schwarze | Prahran Dragons | St Kilda |
| 4 | 54 | Derek Murray | Murray Bushrangers | Port Adelaide |
| 4 | 55 | Marc Dragicevic | Geelong Falcons | Richmond |
| 4 | 56 | Ilija Grgic | West Coast Eagles | Essendon |
| 4 | 57 | Andrew Embley | Swan Districts Football Club | West Coast Eagles |
| 4 | 58 | Ian Prendergast | Oakleigh Chargers | Carlton |
| 4 | 59 | Dwayne Simpson | East Fremantle Football Club | Sydney Swans |
| 4 | 60 | Luke Speers | Tassie Mariners | Melbourne |
| 4 | 61 | Ricky Symes | Murray Bushrangers | Carlton |
| 4 | 62 | Tim van der Klooster | Geelong Falcons | North Melbourne |
| 4 | 63 | Clint Kirey | East Fremantle Football Club | Adelaide |
| 5 | 64 | Andrew Shipp | Springvale Scorpions | Fremantle |
| 5 | 65 | Lee Walker | Collingwood | Collingwood |
| 5 | 66 | Steven Rode | Dandenong Stingrays | Hawthorn |
| 5 | 67 | Brett Backwell | Northern Eagles, QAFL | Carlton |
| 5 | 68 | Matthew Greig | Richmond Supplementary List | Richmond |
| 5 | 69 | Scott Bennett | East Fremantle Football Club | West Coast Eagles |
| 5 | 70 | Kurt Heazlewood | Tassie Mariners | St Kilda |
| 5 | 71 | Simon Feast | Sturt Football Club | Sydney Swans |
| 5 | 72 | Luke Taylor | Port Adelaide Magpies | Melbourne |
| 5 | 73 | Christin Macri | Western Bulldogs Supplementary List | Western Bulldogs |
| 5 | 74 | Adam Lange | Sturt Football Club | North Melbourne |
| 5 | 75 | Ken McGregor | Woodville-West Torrens Eagles | Adelaide |
| 6 | 76 | Rupert Betheras | Collingwood Supplementary List | Collingwood |
| 6 | 77 | Adrian Cox | Gippsland Power | Hawthorn |
| 6 | 78 | Pass | | Carlton |
| 6 | 79 | Ray Hall | NSW/ACT Rams | Richmond |
| 6 | 80 | Brodie Atkinson | Sturt Football Club | Adelaide |
| 6 | 81 | Jacob Anstey | Carlton | St Kilda |
| 6 | 82 | Pass | | Sydney Swans |
| 6 | 83 | Pass | | Melbourne |
| 6 | 84 | Pass | | Western Bulldogs |
| 6 | 85 | Shannon Motlop | North Adelaide Football Club | North Melbourne |
| 7 | 86 | Kris Barlow | Hawthorn Supplementary List | Hawthorn |
| 7 | 87 | Pass | | Carlton |
| 7 | 88 | Pass | | Richmond |
| 7 | 89 | Joel Duckworth | East Fremantle Football Club | West Coast Eagles |
| 7 | 90 | Shane Clayton | Brisbane Lions | North Melbourne |
| 8 | 91 | Pass | | Hawthorn |
