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 | 20:32:06 | 27 | 25 | 1 |
| 2 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 21:10:33 | 27 | 20 | 3 |
| 3 | 28 | Alex Criville | Repsol Ypf Honda Team | 21:19:31 | 27 | 16 | 12 |
| 4 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 21:41:23 | 27 | 13 | 4 |
| 5 | 11 | Tohru Ukawa | Repsol Ypf Honda Team | 22:10:58 | 27 | 11 | 6 |
| 6 | 4 | Alex Barros | West Honda Pons | 22:38:23 | 27 | 10 | 7 |
| 7 | 1 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 00:33:05 | 27 | 9 | 8 |
| 8 | 65 | Loris Capirossi | West Honda Pons | 01:48:16 | 27 | 8 | 2 |
| 9 | 5 | Garry McCoy | Red Bull Yamaha WCM | 02:00:51 | 27 | 7 | 11 |
| 10 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 02:09:25 | 27 | 6 | 14 |
| 11 | 3 | Max Biaggi | Marlboro Yamaha Team | 02:15:47 | 27 | 5 | 5 |
| 12 | 41 | Noriyuki Haga | Red Bull Yamaha WCM | 04:50:17 | 27 | 4 | 10 |
| 13 | 17 | Jurgen vd Goorbergh | Proton Team KR | 08:26:04 | 27 | 3 | 9 |
| 14 | 7 | Carlos Checa | Marlboro Yamaha Team | 09:10:56 | 27 | 2 | 13 |
| 15 | 14 | Anthony West | Dee Cee Jeans Racing Team | 09:16:14 | 27 | 1 | 19 |
| 16 | 9 | Leon Haslam | Shell Advance Honda | 13:51:24 | 27 | 0 | 16 |
| 17 | 16 | Johan Stigefelt | Sabre Sport | 16:50:07 | 27 | 0 | 18 |
| 18 | 24 | Jason Vincent | Pulse Gp | 19:38:40 | 27 | 0 | 20 |
| 19 | 68 | Mark Willis | Pulse Gp | 06:52:46 | 26 | 0 | 22 |
| 20 | 8 | Chris Walker | Shell Advance Honda | 07:14:17 | 22 | 0 | 17 |
| 21 | 10 | Jose Luis Cardoso | Antena 3 Yamaha d\'Antin | 03:08:45 | 23 | 0 | 15 |
| 22 | 21 | Barry Veneman | Dee Cee Jeans Racing Team | 22:01:06 | 24 | 0 | 21 |