[1] Deportivo Cali were the champions, winning their sixth domestic league title and first in 22 years with a scoreless draw against crosstown rivals América de Cali on the final day of the season.
[2][3] Junior were the defending champions, but their title defense was ended at the semi-finals after placing last in their group.
The Torneo Apertura (also known as Copa Mustang I) began on 20 August and ended on 17 December 1995.
The Torneo Finalización (also known as Copa Mustang II) began on 14 January and ended on 13 May 1996.
An aggregate table known as Reclasificación including the games of both tournaments (Apertura and Finalización) was used to determine the teams that would advance to the Copa Mustang final stages, as well as the teams that would play the Liguilla Pre-CONMEBOL.