World top-ranked Australia are pitted against Germany (2), Netherlands (3), Spain (4), England (6) and New Zealand (7).
Australia coach Richard Charlesworth has selected a younger team than the one which won the 2009 World Cup and Champions Trophy.
He has omitted Kiel Brown, Liam De Young, Rob Hammond, Mark Knowles and Grant Schubert and included Chris Ciriello, Tim Deavin, Trent Mitton, Jason Wilson and Joel Carroll.
Charlesworth said the thinking behind the changes was to plan for the 2012 London Olympics.
"Our sights are firmly set on the Olympics. Everything we have done and everything we will continue to do will have this is mind," said Charlesworth.
Germany are under pressure to win at home and repeat their 2006 World Cup final 4-3 win over Australia here which was orchestrated by striker Christopher Zeller.
He returns after a year's break from international tournaments to complete his studies.
Florian Fuchs, 18, was Germany's standout striker in the 2009 Melbourne Champions Trophy and Max Muller and Martin Haner are formidable defenders.
Netherlands skipper Teun de Nooijer will add to his 423 international caps by playing a record 16th consecutive Champions Trophy tournament, eclipsing his former captain Jeroen Delmee's 15 appearances.
First-time Netherlands coach Paul van Ass has a mandate to reach the podium for the first time in a major tournament since their second place at the 2007 Kuala Lumpur Champions Trophy.
Spain has much to do to add to their only title in 2004 and could only take fifth place in Melbourne last year.
Although missing key strikers Pol Amat and Eduard Tubau, the return of dynamic striker Santiago Freixa after a year of injuries gives Spain an additional penalty corner drag-flicker to partner Pau Quemada.
England also have suffered two major injury setbacks.
Defender Richard Mantell broke an ankle at the New Delhi World Cup in March and captain Barry Middleton fractured a toe last week in practice, which could mean that England will struggle to better their 2001 Champions Trophy highest fifth place.