In the 1995 cup finals, Crvena Zvezda easily defeated Obilić. The winner was decided in the first match at Vračar, where Zvezda convincingly defeated the "Knights" 4:0, with goals from Krupniković in the 22nd minute, Živković in the 45th minute, Adžić in the 56th minute and Stojiljković in the 62nd minute. In the return match at Marakana, in front of only 5,000 spectators, on May 17, there were no goals.
Crvena Zvezda had previously eliminated Badnjevac, Radnički from Niš, Partizan and Bečej.
Crvena Zvezda : Ivan Adzic 8-1, Srdjan Bajcetic 4, Bozidar Bandovic 1, Miodrag Bozovic 1, Goran Djorovic 7, Bratislav Zivkovic 4-2, Darko Kovacevic 8-4, Aleksandar Kristic 2, Nebojsa Krupnikovic 9-5, Vinko Marinovic 1, Zvonko Milojevic 8-6 goals conceded, Perica Ognjenovic 1, Marko Perovic 8-1, Dejan Petkovic 8-2, Nikola Radmanovic 7, Zoran Riznic 2, Nenad Sakic 7, Milan Simeunovic 2, Dejan Stankovic 1, Jovan Stankovic 6, Predrag Stankovic 4-1, Dejan Stefanovic 8, Goran Stojiljkovic 5-3, Mitko Stojkovski 6.
Coach: Ljupko Petrovic.
Red Star Belgrade's lineup in the final (second leg): Milojević, Stefanović, Sakić, G. Đorović, Stojkovski, Radmanović, Perović, Adžić, Petković (Stojiljković), Krupniković, Kovačević (Bajčetić).
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