Course disputée sur le circuit de Ricardo Tormo
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 54'39.391 | 30 | 25 | 12 |
| 2 | 4 | Alex Barros | West Honda Pons | 54'39.684 | 30 | 20 | 11 |
| 3 | 1 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 54'40.632 | 30 | 16 | 7 |
| 4 | 7 | Carlos Checa | Marlboro Yamaha Team | 54'46.443 | 30 | 13 | 8 |
| 5 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 55'09.200 | 30 | 11 | 14 |
| 6 | 11 | Tohru Ukawa | Repsol Ypf Honda Team | 55'09.254 | 30 | 10 | 10 |
| 7 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 55'10.484 | 30 | 9 | 3 |
| 8 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 55'11.000 | 30 | 8 | 13 |
| 9 | 17 | Jurgen vd Goorbergh | Proton Team KR | 55'12.174 | 30 | 7 | 9 |
| 10 | 3 | Max Biaggi | Marlboro Yamaha Team | 55'17.165 | 30 | 6 | 1 |
| 11 | 46 | Valentino Rossi | Nastro Azzurro Team | 55'19.903 | 30 | 5 | 2 |
| 12 | 5 | Garry McCoy | Red Bull Yamaha WCM | 56'16.134 | 30 | 4 | 5 |
| 13 | 14 | Anthony West | Dee Cee Jeans Racing Team | 55'20.175 | 29 | 3 | 18 |
| 14 | 16 | Johan Stigefelt | Sabre Sport | 56'04.257 | 29 | 2 | 21 |
| 15 | 21 | Barry Veneman | Dee Cee Jeans Racing Team | 54'44.837 | 28 | 1 | 20 |
| 16 | 9 | Leon Haslam | Shell Advance Honda | 55'57.260 | 28 | 0 | 19 |
| 17 | 10 | Jose Luis Cardoso | Antena 3 Yamaha d\'Antin | 55'32.592 | 26 | 0 | 16 |
| 18 | 18 | Brendan Clarke | Shell Advance Honda | 30'41.390 | 16 | 0 | 22 |
| 19 | 28 | Alex Criville | Repsol Ypf Honda Team | 15'07.509 | 23 | 0 | 6 |
| 20 | 41 | Noriyuki Haga | Red Bull Yamaha WCM | 2'23.536 | 29 | 0 | 15 |