The 1994 TranSouth Financial 400 was the fifth stock car race of the 1994 NASCAR Winston Cup Series season and the 38th iteration of the event.

It is of a unique, somewhat egg-shaped design, an oval with the ends of very different configurations, a condition which supposedly arose from the proximity of one end of the track to a minnow pond the owner refused to relocate.

This situation makes it very challenging for the crews to set up their cars' handling in a way that is effective at both ends.

For this specific race, positions 21-40 would be decided on time,[4] and depending on who needed it, a select amount of positions were given to cars who had not otherwise qualified but were high enough in owner's points; which was usually two.

Bill Elliott, driving for Junior Johnson & Associates, would win the pole, setting a time of 29.704 and an average speed of 165.553 miles per hour (266.432 km/h) in the first round.