Fisher, named the 1988 Final Four Most Valuable Player, scored 21 points and blocked a shot with one second remaining to preserve the Panthers' 60-58 win in the championship game.
Joseph, now the head coach at Georgia Tech, is the all-time scoring leader at DeKalb with 1,633 points.
She led the state in scoring her senior year with a 35-point average.
Both Fisher and Joseph went on to play at Purdue University. Joseph is the all-time leading scorer at Purdue with 2,405 points.
Fisher was a three-year starter for the Boilermakers and averaged 11.2 points per game her senior season.
Others named to the team were:
Meredith (Sanders) Barone (West Lafayette)
Debbie Bolen (North Judson)
Beth (Davis) Fagan (Wake Forest)
Vicki Hall (Indianapolis Brebeuf)
Melissa (Nelson) Hartman-Compton (Rushville)
Kristal (Stahl) Fiser (Worthington)
Cara (Guillon) Alfele (Scottsburg)
Tracy Roller (Crown Point)
Cami Cass (Noblesville)
Hope (Hershberger) Chambers (Maconaquah)
Sandy Herre (Benton Central)
Terrilyn Johnson (Gary Wallace)
Colleen (Jordan) Loberg (Indianapolis Roncalli)
Stephanie McQuinn (Clinton Central)
Kristin (Pritchett) Messmore (Bedford North-Lawrence)
Michelle (Leedy) Timmons (Western Boone)