Play As Akuma (Player 1)  At the character select screen, highlight Spiral for 3 seconds. Then, highlight Silver Samurai, Psylocke, Colossus, Iceman, Colossus, Cyclops, Wolverine, then Omega Red. Then, highlight Silver Samurai, wait 3 seconds, and press LK+HK+HP. (Thanks to Adrian_V@webtv.net)

Play As Akuma (Player 2)  Highlight Storm and wait 3 seconds. Then, highlight Cyclops, Colossus, Iceman, Sentinel, Omega Red, Wolverine, Psylocke, then Silver Samurai. Then, highlight Sprial for 3 seconds, then press LK+HK+HP. (Thanks to Adrian_V@webtv.net)

Quick Continues  Press and hold R1+R2+L1+L2 and press Start when continuing. (Thanks to Adrian_V@webtv.net)