Course disputée sur le circuit de Jerez de la Frontera
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Repsol Honda Team | 14:04:03 | 27 | 25 | 1 |
| 2 | 74 | Daijiro Kato | Fortuna Honda Gresini | 14:23:53 | 27 | 20 | 4 |
| 3 | 11 | Tohru Ukawa | Repsol Honda Team | 14:44:48 | 27 | 16 | 6 |
| 4 | 65 | Loris Capirossi | West Honda Pons | 14:51:13 | 27 | 13 | 3 |
| 5 | 4 | Alex Barros | West Honda Pons | 15:12:40 | 27 | 11 | 2 |
| 6 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 19:12:40 | 27 | 10 | 10 |
| 7 | 9 | Nobuatsu Aoki | Proton Team KR | 22:53:48 | 27 | 9 | 15 |
| 8 | 10 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 23:28:39 | 27 | 8 | 9 |
| 9 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 00:50:05 | 27 | 7 | 13 |
| 10 | 31 | Tetsuya Harada | Pramac Honda Racing Team | 01:10:18 | 27 | 6 | 11 |
| 11 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 03:15:39 | 27 | 5 | 8 |
| 12 | 17 | Jurgen vd Goorbergh | Kanemoto Racing | 03:22:53 | 27 | 4 | 17 |
| 13 | 21 | John Hopkins | Red Bull Yamaha WCM | 04:01:32 | 27 | 3 | 16 |
| 14 | 55 | Regis Laconi | MS Aprilia Racing | 04:08:47 | 27 | 2 | 19 |
| 15 | 8 | Garry McCoy | Red Bull Yamaha WCM | 04:52:16 | 27 | 1 | 18 |
| 16 | 99 | Jeremy McWilliams | Proton Team KR | 05:06:54 | 27 | 0 | 12 |
| 17 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 13:24:17 | 27 | 0 | 14 |
| 18 | 7 | Carlos Checa | Marlboro Yamaha Team | 14:06:59 | 26 | 0 | 5 |
| 19 | 20 | Pere Riba | Antena 3 Yamaha d\'Antin | 14:59:07 | 2 | 0 | 20 |
| 20 | 3 | Max Biaggi | Marlboro Yamaha Team | 01:00:00 | 0 | 0 | 7 |