1977-78 League champions
- Austria ATSE Graz
- Bulgaria Levksi-Spartak Sofia
- Czechoslovakia Poldi Kladno
- Denmark Rodovre
- Finland Assat Pori
- France HC Chamonix
- West Germany SC Riesersee
- East Germany Dynamo Berlin
- Great Britain Great Britain
- Hungary FTC Budapest
- Italy HC Bolzano
- NHL Montreal Canadiens
- Netherlands Heerenveen
- Norway Manglerud-Star
- Poland Podhale Nowy Targ
- Romania Steaua Bucuresti
- Spain Casco Viejo Bilbao
- Soviet Union CSKA Moscow
- Sweden Skellefta
- Switzerland EHC Biel
- Yugoslavia HK Jesenice