| # | Group A | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Panathinaikos | 6 | 3 | 2 | 1 | 7:3 | 4 | 11 | |
| 2. | Nantes | 6 | 2 | 3 | 1 | 8:6 | 2 | 9 | |
| 3. | FC Porto | 6 | 1 | 4 | 1 | 6:5 | 1 | 7 | |
| 4. | Aalborg | 6 | 1 | 1 | 4 | 5:12 | -7 | 4 | |
| # | Group B | MP | W | D | L | G | GD | Pts | Form |
| 1. | Spartak Moscow | 6 | 6 | 0 | 0 | 15:4 | 11 | 18 | |
| 2. | Legia | 6 | 2 | 1 | 3 | 5:8 | -3 | 7 | |
| 3. | Rosenborg | 6 | 2 | 0 | 4 | 11:16 | -5 | 6 | |
| 4. | Blackburn | 6 | 1 | 1 | 4 | 5:8 | -3 | 4 | |
| # | Group C | MP | W | D | L | G | GD | Pts | Form |
| 1. | Juventus | 6 | 4 | 1 | 1 | 15:4 | 11 | 13 | |
| 2. | Dortmund | 6 | 2 | 3 | 1 | 8:8 | 0 | 9 | |
| 3. | FCSB | 6 | 1 | 3 | 2 | 2:5 | -3 | 6 | |
| 4. | Rangers | 6 | 0 | 3 | 3 | 6:14 | -8 | 3 | |
| # | Group D | MP | W | D | L | G | GD | Pts | Form |
| 1. | Ajax | 6 | 5 | 1 | 0 | 15:1 | 14 | 16 | |
| 2. | Real Madrid | 6 | 3 | 1 | 2 | 11:5 | 6 | 10 | |
| 3. | Ferencvaros | 6 | 1 | 2 | 3 | 9:19 | -10 | 5 | |
| 4. | Grasshoppers | 6 | 0 | 2 | 4 | 3:13 | -10 | 2 |