| Group C | P | W | D | L | GF | GA | GD | points |
|---|---|---|---|---|---|---|---|---|
 Panathinaikos | 6 | 4 | 0 | 2 | 8 | 3 | 5 | 12 |
 Arsenal | 6 | 3 | 0 | 3 | 9 | 9 | 0 | 9 |
 RCD Mallorca | 6 | 3 | 0 | 3 | 4 | 9 | -5 | 9 |
 FC Schalke 04 | 6 | 2 | 0 | 4 | 9 | 9 | 0 | 6 |
Tuesday 30 October 2001 | |||||||
| FC Schalke 04 | 3 | - | 1 | Arsenal | 18:45 | STATS» | |
| RCD Mallorca | 1 | - | 0 | Panathinaikos | 18:45 | STATS» | |
Wednesday 24 October 2001 | |||||||
| Panathinaikos | 2 | - | 0 | FC Schalke 04 | 18:45 | STATS» | |
| Arsenal | 3 | - | 1 | RCD Mallorca | 18:45 | STATS» | |
Tuesday 16 October 2001 | |||||||
| RCD Mallorca | 0 | - | 4 | FC Schalke 04 | 18:45 | STATS» | |
| Arsenal | 2 | - | 1 | Panathinaikos | 18:45 | STATS» | |
Wednesday 26 September 2001 | |||||||
| FC Schalke 04 | 0 | - | 1 | RCD Mallorca | 18:45 | STATS» | |
| Panathinaikos | 1 | - | 0 | Arsenal | 18:45 | STATS» | |
Wednesday 19 September 2001 | |||||||
| Panathinaikos | 2 | - | 0 | RCD Mallorca | 18:45 | STATS» | |
| Arsenal | 3 | - | 2 | FC Schalke 04 | 18:45 | STATS» | |
Tuesday 11 September 2001 | |||||||
| RCD Mallorca | 1 | - | 0 | Arsenal | 18:45 | STATS» | |
| FC Schalke 04 | 0 | - | 2 | Panathinaikos | 18:45 | STATS» | |