| Liverpool | Arsenal |
|---|
| GK | David James | | GK | David Seaman |
| DR | Stig Inge Bjornebye | | DR | Lee Dixon |
| DR | Dominic Matteo | | DR | Nigel Winterburn |
| DR | Mark Wright | S2 | DR | Steve Morrow |
| DR | Phil Babb | | DR | Martin Keown |
| DR | Jason McAteer | | DR | Steve Bould |
| DR | Steve McManaman | | DR | Andy Linighan |
| MD | Michael Thomas | | MD | Ray Parlour |
| FD | John Barnes | S1 | FD | John Hartson |
| S1 | FD | Stan Collymore | | FD | Paul Merson |
| S2 | FD | Robbie Fowler | S3 | FD | Dennis Bergkamp |
| Substitute | Substitute |
|---|
| S1 | FD | Lee Jones | S1 | FD | Ian Wright |
| S2 | MD | David Thompson | S2 | MD | David Hillier |
| FD | | S3 | FD | Glenn Helder |
| Manager | Manager |
|---|
| | Roy Evans | | | Stewart Houston |