Statistics of First League of FR Yugoslavia (Serbian: Пpвa савезна лига, Prva savezna liga) for the 1994–95 season.
At the end of the season the same situation happened with four teams being replaced from A and B groups, and in addition, the bottom three clubs from the B group were relegated into the Second League of FR Yugoslavia for the next season and replaced by the top three from that league.
That was the first season when Yugoslav clubs again qualified to the UEFA competitions after three years of ban due to UN embargo.
Vojvodina was qualified to the 1995–96 UEFA Cup but they are not admitted, along with Partizan, because the country coefficient of Yugoslavia has been recalculated due to the split up.
Champions: Red Star Belgrade (coach: Ljupko Petrović) Players (league matches/league goals)