The 1994 Holiday Bowl was a college football bowl game played December 30, 1994, in San Diego, California. It was part of the 1994 NCAA Division I-A football season. It featured the tenth ranked Colorado State Rams, and the Michigan Wolverines. This game was notable because Michigan, had earlier lost to CSU's in-state rivals the Colorado Buffaloes on a hail mary pass, and was looking to defeat at least one Colorado school.

• Michigan – Toomer, four-yard pass from Collins (Hamilton kick)
• Colorado State – Turner, 32-yard pass from Hill (McDougal kick)
• Michigan – Hamilton, 34-yard field goal
• Michigan – Hayes, 16-yard pass from Collins Hamilton kick)
• Michigan – Wheatley, three-yard run (Hamilton kick)
• Colorado State – Burkett, 18-yard pass from Hill (McDougal kick)

In the first quarter, Michigan quarterback Todd Collins threw a 4-yard touchdown pass to wide receiver Amani Toomer, giving the Wolverines a 7–0 lead. Colorado State answered with a 32-yard touchdown pass from quarterback Anthoney Hill to wide receiver Paul Turner to tie the game at 7. All-American kicker Remy Hamilton kicked a 34-yard field goal on Michigan's next drive, as they took a 10–7 lead into the second quarter.

In the second quarter, Todd Collins threw a 16-yard touchdown pass to Mercury Hayes as Michigan took a 17–7 lead. That score would hold up until the third quarter. In the third quarter, running back Tyrone Wheatley scored on a 3-yard touchdown run giving Michigan a 24–7 lead. In the fourth quarter, Colorado State got an 18-yard touchdown pass from Anthoney Hill, as they closed the margin to 24–14.^[2]