| Liverpool | Arsenal |
|---|
| GK | Brad Friedel | | GK | Alex Manninger |
| DR | Stig Inge Bjornebye | | DR | Lee Dixon |
| DR | Steve Harkness | | DR | Steve Bould |
| DR | Phil Babb | | DR | Gilles Grimandi |
| DR | Jamie Carragher | | DR | Matthew Upson |
| MD | Oyvind Leonhardsen | | MD | David Platt |
| S1 | MD | Jason McAteer | S1 | MD | Ray Parlour |
| MD | Steve McManaman | | MD | Stephen Hughes |
| WR | Paul Ince | | WR | Luis Boa Morte |
| FD | Michael Owen | S2 | FD | Ian Wright |
| S2 | FD | Karl-Heinz Riedle | S3 | FD | Christopher Wreh |
| Substitute | Substitute |
|---|
| S1 | MD | Michael Thomas | S1 | MD | Patrick Vieira |
| S2 | FD | Danny Murphy | S2 | FD | Nicolas Anelka |
| FD | | S3 | FD | Alberto Mendez |
| Manager | Manager |
|---|
| | Roy Evans | | | Arsene Wenger |