26 speed skaters from 14 countries participated. It was the final edition held separately for women. From 1996 onward the men's and women's World Allround Speed Skating Championships would be combined into a single tournament.
Gunda Niemann won the world title ahead of Lyudmila Prokasheva and Annamarie Thomas. It was her fourth world title after 1991, 1992 and 1993.