Course disputée sur le circuit de Ricardo Tormo
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 4 | Alex Barros | West Honda Pons | 47'22.404 | 30 | 25 | 2 |
| 2 | 46 | Valentino Rossi | Repsol Honda Team | 47'22.634 | 30 | 20 | 6 |
| 3 | 3 | Max Biaggi | Marlboro Yamaha Team | 47'37.617 | 30 | 16 | 1 |
| 4 | 74 | Daijiro Kato | Fortuna Honda Gresini | 47'44.908 | 30 | 13 | 3 |
| 5 | 11 | Tohru Ukawa | Repsol Honda Team | 47'57.569 | 30 | 11 | 7 |
| 6 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 48'12.573 | 30 | 10 | 9 |
| 7 | 17 | Jurgen vd Goorbergh | Kanemoto Racing | 48'26.218 | 30 | 9 | 15 |
| 8 | 99 | Jeremy McWilliams | Proton Team KR | 48'27.483 | 30 | 8 | 8 |
| 9 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 48'30.716 | 30 | 7 | 11 |
| 10 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 48'30.716 | 30 | 6 | 20 |
| 11 | 21 | John Hopkins | Red Bull Yamaha WCM | 48'48.645 | 30 | 5 | 17 |
| 12 | 84 | Andrew Pitt | Kawasaki Racing Team | 48'49.831 | 30 | 4 | 18 |
| 13 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 47'30.217 | 29 | 3 | 10 |
| 14 | 31 | Tetsuya Harada | Pramac Honda Racing Team | 48'52.938 | 29 | 2 | 22 |
| 15 | 10 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 38'29.089 | 24 | 0 | 14 |
| 16 | 65 | Loris Capirossi | West Honda Pons | 30'27.749 | 19 | 0 | 12 |
| 17 | 29 | David Garcia | Proton Team KR | 21'36.940 | 13 | 0 | 19 |
| 18 | 8 | Garry McCoy | Red Bull Yamaha WCM | 10'07.183 | 6 | 0 | 4 |
| 19 | 55 | Regis Laconi | MS Aprilia Racing | 1'44.973 | 1 | 0 | 13 |
| 20 | 9 | Nobuatsu Aoki | Proton Team KR | 1'44.626 | 1 | 0 | 16 |
| 21 | 7 | Carlos Checa | Marlboro Yamaha Team | 0 | 0 | 5 | |
| 22 | 30 | Jose Luis Cardoso | Antena 3 Yamaha d\'Antin | 0 | 0 | 21 |