1995 Copa Libertadores group stage

The 1995 Copa Libertadores group stage or 1995 Copa Libertadores first stage was played from 8 February to 20 April 1995. A total of 20 teams competed in the group stage to decide 15 places in the final stages of the 1995 Copa Libertadores, where they joined defending champions Vélez Sarsfield.

Groups composition
Same as previous editions, the 20 participating teams were divided into 5 groups of 4, which consisted of two teams from one national association and two teams from another. The draw of the tournament was held on 15 November 1994 in Santiago, Chile and the paired associations for this edition were as follows:


 * Group 1: and
 * Group 2: and
 * Group 3: and
 * Group 4: and
 * Group 5: and

Format
In the group stage, each group was played on a home-and-away round-robin basis. The teams were ranked according to the following criteria: 1. Points (3 points for a win, 1 point for a draw, and 0 points for a loss); 2. Goal difference; 3. Goals scored; 4. Away goals scored; 5. Drawing of lots.

If two teams from the same national association tie on points, the above criteria would not apply and their final positions would be determined in an extra match to be played at a neutral venue within their own country. Winners of this match qualified for the round of 16; in the event of a draw, the team with the best goal difference in the group would have qualified.

The winners, runners-up and third placed teams of each group advanced to the round of 16 of the final stages.

Play-off match
As the Chilean teams were tied 7–7 on points, a play-off was required to determine the third and fourth place.