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 | 46'51.843 | 27 | 25 | 1 |
| 2 | 74 | Daijiro Kato | Fortuna Honda Gresini | 46'53.033 | 27 | 20 | 4 |
| 3 | 11 | Tohru Ukawa | Repsol Honda Team | 46'54.288 | 27 | 16 | 6 |
| 4 | 65 | Loris Capirossi | West Honda Pons | 46'54.673 | 27 | 13 | 3 |
| 5 | 4 | Alex Barros | West Honda Pons | 46'55.960 | 27 | 11 | 2 |
| 6 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 47'10.360 | 27 | 10 | 10 |
| 7 | 9 | Nobuatsu Aoki | Proton Team KR | 47'23.628 | 27 | 9 | 15 |
| 8 | 10 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 47'25.719 | 27 | 8 | 9 |
| 9 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 47'30.605 | 27 | 7 | 13 |
| 10 | 31 | Tetsuya Harada | Pramac Honda Racing Team | 47'31.818 | 27 | 6 | 11 |
| 11 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 47'39.339 | 27 | 5 | 8 |
| 12 | 17 | Jurgen vd Goorbergh | Kanemoto Racing | 47'39.773 | 27 | 4 | 17 |
| 13 | 21 | John Hopkins | Red Bull Yamaha WCM | 47'42.092 | 27 | 3 | 16 |
| 14 | 55 | Regis Laconi | MS Aprilia Racing | 47'42.527 | 27 | 2 | 19 |
| 15 | 8 | Garry McCoy | Red Bull Yamaha WCM | 47'45.136 | 27 | 1 | 18 |
| 16 | 99 | Jeremy McWilliams | Proton Team KR | 47'46.014 | 27 | 0 | 12 |
| 17 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 48'15.857 | 27 | 0 | 14 |
| 18 | 7 | Carlos Checa | Marlboro Yamaha Team | 45'25.619 | 26 | 0 | 5 |
| 19 | 20 | Pere Riba | Antena 3 Yamaha d\'Antin | 3'43.147 | 2 | 0 | 20 |
| 20 | 3 | Max Biaggi | Marlboro Yamaha Team | 0 | 0 | 7 |