The 1992 NCAA Division I women's basketball tournament began on March 18 and ended on April 5. The tournament featured 48 teams. The Final Four consisted of Virginia Cavaliers, Stanford Cardinal, Southwest Missouri State Lady Bears, and Western Kentucky Lady Toppers, with Stanford defeating Western Kentucky 78–62 to win its second NCAA title. Stanford's Molly Goodenbour was named the Most Outstanding Player of the tournament.

Molly Colleen Goodenbour is an American former college basketball coach and former professional basketball player who is the current women's basketball head coach at the University of San Francisco. Goodenbour previously was head coach at Santa Rosa Junior College, UC Irvine, and Cal State Dominguez Hills.