|Most successful club(s)||UCD: 2 |
Galway United: 2
The League of Ireland First Division Shield was an association football competition featuring teams from the League of Ireland First Division. The inaugural winners were Derry City. It was also the first competition Derry City won after they joined the League of Ireland. 
The 1994–95 format saw the 10 participating teams divided into two groups of five – a northern group and a southern group. The teams played a single round of games against the other teams in their group. The two winners, UCD and Drogheda United, then played off in a two legged final. UCD won 2-1 on aggregate. The competition was played during the first half of the season with the two legged final played in October 1994. 
List of Finals
|1985–86||Derry City ||6–1||Longford Town||(Note 1)|
|1986–87||EMFA||4–2||Finn Harps||Oriel Park|
|1990–91||Drogheda United||1–0||Home Farm||(Note 1)|
|1991–92||UCD||2–1||Waterford United||(Note 1)|
|1992–93||Galway United ||3–0||Home Farm||Dalymount Park|
|1993–94||Sligo Rovers ||2–1||Waterford United||(Note 1)|
|1994–95||UCD ||2–1||Drogheda United||(Note 1)|
|1995–96||Bray Wanderers||3–3||Waterford United||(Note 2)|
|1996–97||Galway United ||2–0||Limerick||Terryland Park|
|1997–98||Home Farm Everton||5–3||Cobh Ramblers||(Note 1)|
- "History of Derry City FC". rebelultras.com. Retrieved 11 July 2016.
- "Ireland 1994/95". www.rsssf.com. Retrieved 11 July 2016.
- "Galway United FC – Club History". galwayunitedfc.ie. Retrieved 25 March 2016.
- "Famous Days". www.sligorovers.com. Retrieved 10 September 2016.
- "FAI National League Annual 1997/'98". FAI National League Annual. p. 61.