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