The 1994–95 season was the 93rd season in which Dundee competed at a Scottish national level, playing in the Scottish First Division after being relegated the previous season. Dundee would finish in 3rd place and miss out a chance for promotion by goal difference. Dundee would also compete in both the Scottish League Cup and the Scottish Cup, where they were knocked out by Celtic in the 3rd round of the League Cup, and by Raith Rovers in the 4th round of the Scottish Cup. They would also compete in the Scottish Challenge Cup and would reach the final, before being defeated by Airdrieonians.