Course disputée sur le circuit de Jerez de la Frontera
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Nastro Azzurro Team | 47'15.126 | 27 | 25 | 1 |
| 2 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 47'17.433 | 27 | 20 | 3 |
| 3 | 28 | Alex Criville | Repsol Ypf Honda Team | 47'17.971 | 27 | 16 | 12 |
| 4 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 47'19.283 | 27 | 13 | 4 |
| 5 | 11 | Tohru Ukawa | Repsol Ypf Honda Team | 47'21.058 | 27 | 11 | 6 |
| 6 | 4 | Alex Barros | West Honda Pons | 47'22.703 | 27 | 10 | 7 |
| 7 | 1 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 47'29.585 | 27 | 9 | 8 |
| 8 | 65 | Loris Capirossi | West Honda Pons | 47'34.096 | 27 | 8 | 2 |
| 9 | 5 | Garry McCoy | Red Bull Yamaha WCM | 47'34.851 | 27 | 7 | 11 |
| 10 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 47'35.365 | 27 | 6 | 14 |
| 11 | 3 | Max Biaggi | Marlboro Yamaha Team | 47'35.747 | 27 | 5 | 5 |
| 12 | 41 | Noriyuki Haga | Red Bull Yamaha WCM | 47'45.017 | 27 | 4 | 10 |
| 13 | 17 | Jurgen vd Goorbergh | Proton Team KR | 47'57.964 | 27 | 3 | 9 |
| 14 | 7 | Carlos Checa | Marlboro Yamaha Team | 48'00.656 | 27 | 2 | 13 |
| 15 | 14 | Anthony West | Dee Cee Jeans Racing Team | 48'00.974 | 27 | 1 | 19 |
| 16 | 9 | Leon Haslam | Shell Advance Honda | 48'17.484 | 27 | 0 | 16 |
| 17 | 16 | Johan Stigefelt | Sabre Sport | 48'28.207 | 27 | 0 | 18 |
| 18 | 24 | Jason Vincent | Pulse Gp | 48'38.320 | 27 | 0 | 20 |
| 19 | 68 | Mark Willis | Pulse Gp | 47'52.366 | 26 | 0 | 22 |
| 20 | 8 | Chris Walker | Shell Advance Honda | 9'00.857 | 22 | 0 | 17 |
| 21 | 10 | Jose Luis Cardoso | Antena 3 Yamaha d\'Antin | 7'19.725 | 23 | 0 | 15 |
| 22 | 21 | Barry Veneman | Dee Cee Jeans Racing Team | 5'34.866 | 24 | 0 | 21 |