The March 1995 Ulster Unionist Party leadership election occurred at the Annual General Meeting of the Ulster Unionist Council on 18 March 1995. The UUP has had a leadership election every March since at least 1973, and this is one of the few occasions when it has been contested. James Molyneaux was re-elected as Leader with 86% of the votes.
It was widely speculated that Ulster Unionist MP David Trimble was one of those behind Reynolds's candidature, although Trimble, his aides and Reynolds' supporters all denied this at the time and subsequently.
Whilst Molyneaux won by a massive margin, the number of delegates who did not vote for him was seen as a substantial number. Two days later independent North Down MP, Sir James Kilfedder died in London and that the subsequent by-election was not won by the UUP was seen as further evidence of Molyneaux's failings as leader after 15 years. Molyneaux resigned on 28 August and was replaced in September. Lee Reynolds now serves as a councillor in the Belfast City Council as a member of the DUP.