The Federation Cup 1995–96 was the second and last edition of the IIHF Federation Cup. The season started on October 6, 1995, and finished on December 29, 1995.

The tournament was won by AS Mastini Varese, who beat Metallurg Magnitogorsk in the final.

Alba Volán Székesfehérvár, HK Solvita Kaunas, KHK Crvena zvezda, SC Miercurea Ciuc

SC Miercurea Ciuc

*: Scheduled group did not take place, SC Miercurea Ciuc qualification criteria were unclear.

( Jesenice, Slovenia)

Team #1	Score	Team #2
HK Acroni Jesenice	5:4	KHL Medveščak Zagreb

( Riga, Latvia)

Team #1	Score	Team #2
Salavat Yulaev Ufa	12:1	SC Miercurea Ciuc
Nik's Brih Rīga	2:5	Vålerenga

Team #1	Score	Team #2
Nik's Brih Rīga	8:3	SC Miercurea Ciuc

Team #1	Score	Team #2
Salavat Yulaev Ufa	5:2	Vålerenga

( Oświęcim, Poland)

Team #1	Score	Team #2
Metallurg Magnitogorsk	9:1	HK Acroni Jesenice
KS Unia Oświęcim	1:4	Polymir Novopolotsk

Team #1	Score	Team #2
KS Unia Oświęcim	3:8	HK Acroni Jesenice

Team #1	Score	Team #2
Metallurg Magnitogorsk	6:1	Polymir Novopolotsk

( Varese, Italy)

Team #1	Score	Team #2
ZPS Zlín	12:3	HK ATEK Kiev
AS Mastini Varese	4:1	Chamonix HC

Team #1	Score	Team #2
Chamonix HC	3:2	HK ATEK Kiev

Team #1	Score	Team #2
AS Mastini Varese	4:3	ZPS Zlín

HK Dukla Trenčín  : bye

( Trenčín, Slovakia)

Team #1	Score	Team #2
Metallurg Magnitogorsk	2:1	Salavat Yulaev Ufa
HK Dukla Trenčín	1:2	AS Mastini Varese

Team #1	Score	Team #2
HK Dukla Trenčín	4:7	Salavat Yulaev Ufa

Team #1	Score	Team #2
AS Mastini Varese	4:3	Metallurg Magnitogorsk

• Federation Cup 1996