| Final A | Team | time | Rk. | | 1. Danyon Loader | NZL | 1:47.63 | 2. | | 2. Gustavo Borges | BRA | 1:48.08 | 7. | | 3. Daniel Kowalski | AUS | 1:48.25 | 6. | | 4. Pieter van den Hoogenband | NED | 1:48.36 | 4. | | 5. Anders Holmertz | SWE | 1:48.42 | 1. | | 6. Massimiliano Rosolino | ITA | 1:48.50 | 5. | | 7. Josh Davis | USA | 1:48.54 | 3. | | 8. Paul Palmer | GBR | 1:49.39 | 8. |
| Final B | Team | time | Rk. | | 9. Aimo Heilmann | GER | 1:48.81 | 11. | | 10.Michael Klim | AUS | 1:49.50 | 10. | | 11.Vladimir Pyshnenko | RUS | 1:49.55 | 12. | | 12.John Piersma | USA | 1:49.90 | 15. | | 13.Piermaria Siciliano | ITA | 1:50.07 | 13. | | 14.Jacob Carstensen | DEN | 1:50.54 | 16. | | 15.Andrew Clayton | GBR | 1:50.59 | 18. | | 16.Nicolae Butacu | ROU | 1:51.46 | 17. |
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| Heat 6 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 1:48.68 | 4. | | 2. Daniel Kowalski | AUS | 1:48.92 | 6. | | 3. Michael Klim | AUS | 1:49.17 | 10. | | 4. Antti Kasvio | FIN | 1:50.55 | 14. | | 5. Jacob Carstensen | DEN | 1:50.79 | 16. | | 6. Andrew Clayton | GBR | 1:51.06 | 18. | | 7. Trent Bray | NZL | 1:51.59 | 20. | | 8. Aleksey Yegorov | KAZ | 1:51.66 | 22. |
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| Heat 5 | Team | time | Rk. | | 1. Anders Holmertz | SWE | 1:48.41 | 1. | | 2. Josh Davis | USA | 1:48.63 | 3. | | 3. Massimiliano Rosolino | ITA | 1:48.80 | 5. | | 4. Piermaria Siciliano | ITA | 1:49.88 | 13. | | 5. John Piersma | USA | 1:50.59 | 15. | | 6. Shunsuke Ito | JPN | 1:51.97 | 23. | | 7. Christophe Bordeau | FRA | 1:52.17 | 24. | | 8. Miklós Kollár | HUN | 1:52.19 | 25. |
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| Heat 4 | Team | time | Rk. | | 1. Danyon Loader | NZL | 1:48.48 | 2. | | 2. Gustavo Borges | BRA | 1:49.00 | 7. | | 3. Paul Palmer | GBR | 1:49.05 | 8. | | 3. Jani Sievinen | FIN | 1:49.05 | 8. | | 5. Aimo Heilmann | GER | 1:49.57 | 11. | | 6. Vladimir Pyshnenko | RUS | 1:49.79 | 12. | | 7. Nicolae Butacu | ROU | 1:50.83 | 17. | | 8. Attila Czene | HUN | 1:51.59 | 20. |
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| Heat 3 | Team | time | Rk. | | 1. Miroslav Vučetić | CRO | 1:51.26 | 19. | | 2. Go Un-Ho | KOR | 1:52.80 | 26. | | 3. Vyacheslav Kabanov | UZB | 1:53.36 | 28. | | 4. Earl McCarthy | IRE | 1:53.67 | 29. | | 5. Dimitrios Manganas | GRE | 1:53.84 | 30. | | 6. Salim Iles | ALG | 1:54.10 | 31. | | 7. Torlarp Sethsothorn | THA | 1:54.73 | 33. | | 8. Andrei Zaharov | MDA | 1:57.47 | 41. |
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| Heat 2 | Team | time | Rk. | | 1. José Isaza | PAN | 1:54.58 | 32. | | 2. Jure Bučar | SLO | 1:54.75 | 34. | | 3. Raymond Papa | PHI | 1:54.77 | 35. | | 4. Bartosz Sikora | POL | 1:55.33 | 36. | | 5. Sng Ju Wei | SIN | 1:55.51 | 37. | | 6. Dmitry Lapin | KGZ | 1:55.52 | 38. | | 7. Felipe Delgado | ECU | 1:57.10 | 40. | | 8. Denys Zavhorodniy | UKR | 1:58.67 | 42. |
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| Heat 1 | Team | time | Rk. | | 1. Carlos Santander | VEN | 1:53.13 | 27. | | 2. Carl Probert | FIJ | 1:56.33 | 39. | | 3. Thamer Al-Shamroukh | KUW | 2:13.75 | 43. |
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| 1. Paul Palmer | GBR | 1:48.89 | 1. | | 1. Jani Sievinen | FIN | 1:48.89 | 2. |
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