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.

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).

[1] 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.

Borac Čačak 3-0 2.

Maribor 66 0-3 The winning roster of Crvena Zvezda:[3] Coach: Milan Bjegojević [4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30] FIBA European Champions Cup FIBA Cup Winner's Cup [31]