1968–69 Yugoslav First Basketball League

The 1968–69 Yugoslav First Basketball League season was the 25th season of the Yugoslav First Basketball League, the highest professional basketball league in SFR Yugoslavia.

Prequalifying tournament
Four teams played qualification tournament - Borac Čačak, 11th placed team from the last season and three best placed teams from the Second division (KK Bosna withdrew from the tournament and Mladost Zagreb replaced them).

Rabotnički - Maribor 56-49; Mladost Zagreb - Maribor 81-78; Borac Čačak - Mladost Zagreb 74-68; Borac Čačak - Rabotnički 70-66; Borac Čačak - Maribor 65-53; Rabotnički - Mladost Zagreb 81-45.

1. Borac Čačak 3-0

2. Rabotnički 2-1

3. Mladost Zagreb 1-2

4. Maribor 66 0-3

Classification
The winning roster of Crvena Zvezda:
 * Miroslav Todosijević
 * Ivan Sarjanović
 * Miroslav Poljak
 * Vladimir Cvetković
 * Aleksandar Stanimirović
 * Dragan Kapičić
 * Ljubodrag Simonović
 * Dragiša Vučinić
 * Srđan Škulić
 * Tihomir Pavlović
 * Zoran Slavnić
 * Zoran Lazarević
 * Dubravko Kapetanović
 * Slobodan Popović
 * Dragoslav Ilić

Coach: Milan Bjegojević

Qualification in 1969-70 season European competitions
FIBA European Champions Cup
 * Crvena Zvezda (champions)

FIBA Cup Winner's Cup
 * Lokomotiva (Cup winners)