Course disputée sur le circuit de Estoril
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Repsol Honda Team | 54'12.962 | 28 | 25 | 3 |
| 2 | 7 | Carlos Checa | Marlboro Yamaha Team | 54'35.162 | 28 | 20 | 1 |
| 3 | 11 | Tohru Ukawa | Repsol Honda Team | 54'37.182 | 28 | 16 | 8 |
| 4 | 10 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 54'53.794 | 28 | 13 | 12 |
| 5 | 4 | Alex Barros | West Honda Pons | 54'55.671 | 28 | 11 | 4 |
| 6 | 3 | Max Biaggi | Marlboro Yamaha Team | 54'57.026 | 28 | 10 | 5 |
| 7 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 56'01.974 | 28 | 9 | 13 |
| 8 | 21 | John Hopkins | Red Bull Yamaha WCM | 56'16.063 | 28 | 8 | 15 |
| 9 | 99 | Jeremy McWilliams | Proton Team KR | 54'33.830 | 27 | 7 | 6 |
| 10 | 31 | Tetsuya Harada | Pramac Honda Racing Team | 55'01.691 | 27 | 6 | 18 |
| 11 | 8 | Garry McCoy | Red Bull Yamaha WCM | 55'15.117 | 27 | 5 | 16 |
| 12 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 55'21.518 | 27 | 4 | 17 |
| 13 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 46'24.598 | 24 | 0 | 9 |
| 14 | 74 | Daijiro Kato | Fortuna Honda Gresini | 14'47.199 | 7 | 0 | 2 |
| 15 | 65 | Loris Capirossi | West Honda Pons | 12'20.202 | 6 | 0 | 7 |
| 16 | 55 | Regis Laconi | MS Aprilia Racing | 6'15.048 | 3 | 0 | 14 |
| 17 | 17 | Jurgen vd Goorbergh | Kanemoto Racing | 4'43.255 | 2 | 0 | 10 |
| 18 | 9 | Nobuatsu Aoki | Proton Team KR | 4'10.372 | 2 | 0 | 11 |
| 19 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 0 | 0 | 19 | |
| 20 | 20 | Pere Riba | Antena 3 Yamaha d\'Antin | 0 | 0 | 20 |