| Final | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 48.30s | 1. 1. | | 2. Aleksandr Popov | RUS | 48.69s | 4. 3. | | 3. Gary Hall, Jr. | USA | 48.73s | 5. 6. | | 4. Michael Klim | AUS | 48.74s | 2. 2. | | 5. Neil Walker | USA | 49.09s | 5. 9. | | 6. Lars Frölander | SWE | 49.22s | 3. 4. | | 7. Denis Pimankov | RUS | 49.36s | 6. 7. | | 8. Chris Fydler | AUS | 49.44s | 7. 8. |
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| Semi 1 | Team | time | Rk. | | 1. Michael Klim | AUS | 48.80s | 2. | | 2. Aleksandr Popov | RUS | 48.84s | 3. | | 3. Denis Pimankov | RUS | 49.43s | 7. | | 4. José Martín Meolans | ARG | 49.66s | 10. | | 5. Lorenzo Vismara | ITA | 49.67s | 11. | | 5. Duje Draganja | CRO | 49.67s | 11. | | 7. Salim Iles | ALG | 49.70s | 13. | | 8. Christian-Alexander Tröger | GER | 49.80s | 14. |
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| Semi 2 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 47.84s | 1. | | 2. Lars Frölander | SWE | 48.93s | 4. | | 3. Neil Walker | USA | 49.04s | 5. | | 4. Gary Hall, Jr. | USA | 49.13s | 6. | | 5. Chris Fydler | AUS | 49.55s | 8. | | 6. Attila Zubor | HUN | 49.58s | 9. | | 7. Roland Schoeman | RSA | 49.84s | 15. | | 8. Gustavo Borges | BRA | 49.93s | 16. |
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| Heat 10 | Team | time | Rk. | | 1. Michael Klim | AUS | 49.09s | 2. | | 2. Lars Frölander | SWE | 49.16s | 3. | | 3. Aleksandr Popov | RUS | 49.29s | 4. | | 4. Roland Schoeman | RSA | 49.74s | 9. | | 4. Lorenzo Vismara | ITA | 49.74s | 9. | | 6. José Martín Meolans | ARG | 49.75s | 12. | | 7. Bartosz Kizierowski | POL | 49.84s | 17. |
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| Heat 9 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 48.64s | 1. | | 2. Gary Hall, Jr. | USA | 49.32s | 5. | | 3. Salim Iles | ALG | 49.70s | 8. | | 4. Gustavo Borges | BRA | 49.76s | 13. | | 5. Attila Zubor | HUN | 49.79s | 15. | | 6. Karel Novy | SUI | 50.19s | 20. | | 7. Yannick Lupien | CAN | 50.62s | 26. | | 8. Oleg Rykhlevich | BLR | 50.96s | 31. |
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| Heat 8 | Team | time | Rk. | | 1. Denis Pimankov | RUS | 49.45s | 6. | | 1. Chris Fydler | AUS | 49.45s | 6. | | 3. Neil Walker | USA | 49.73s | 9. | | 4. Christian-Alexander Tröger | GER | 49.76s | 13. | | 5. Johan Kenkhuis | NED | 49.93s | 18. | | 6. Stefan Nystrand | SWE | 50.19s | 18. | | 7. Romain Barnier | FRA | 50.32s | 22. | | 8. Pavlo Khnykin | UKR | 50.63s | 27. |
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| Heat 7 | Team | time | Rk. | | 1. Duje Draganja | CRO | 49.83s | 16. | | 2. Rolandas Gimbutis | LTU | 50.46s | 23. | | 3. Torsten Spanneberg | GER | 50.56s | 25. | | 4. Javier Botello | ESP | 50.87s | 28. | | 5. Craig Hutchison | CAN | 50.90s | 29. | | 6. Marcos Hernández | CUB | 50.95s | 30. | | 7. Thierry Wouters | BEL | 51.07s | 32. | | 8. Jere Hård | FIN | 51.11s | 33. |
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| Heat 6 | Team | time | Rk. | | 1. Peter Mankoč | SLO | 50.28s | 21. | | 2. Kim Min-Seok | KOR | 50.49s | 24. | | 3. Spyros Bitsakis | GRE | 51.28s | 34. | | 3. Sergey Ashikhmin | KGZ | 51.28s | 34. | | 5. Richard Sam Bera | INA | 51.52s | 37. | | 6. Yoav Bruck | ISR | 51.62s | 38. | | 7. Panić Željko | BIH | 52.40s | 49. | | 8. Francisco Sánchez | VEN | 52.43s | 50. |
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| Heat 5 | Team | time | Rk. | | 1. Nikola Kalabić | SCG | 51.82s | 39. | | 2. Hou Ming Ong | MAS | 51.93s | 40. | | 3. George Gleason | USV | 52.00s | 42. | | 4. Květoslav Svoboda | CZE | 52.18s | 45. | | 5. Igor Sitnikov | KAZ | 52.57s | 53. | | 6. Wu Nien-Pin | TPE | 52.72s | 55. | | 7. Felipe Delgado | ECU | 52.78s | 56. | | 8. Khrysanthos Papakhrysanthou | CYP | 52.82s | 57. |
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| Heat 4 | Team | time | Rk. | | 1. Carl Probert | FIJ | 51.34s | 36. | | 2. Christopher Murray | BAH | 51.93s | 40. | | 3. Indrek Sei | EST | 52.09s | 43. | | 4. Tamer Hamed Zinhom | EGY | 52.14s | 44. | | 5T. Mark Chay | SIN | 52.24s | 47. | | 5T. Fernando Jácome | COL | 52.24s | 47. | | 7. Glen Walshaw | ZIM | 52.53s | 52. | | 8. Rodrigo Olivares | CHI | 53.50s | 62. |
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| Heat 3 | Team | time | Rk. | | 1. Paul Kutscher | URU | 52.22s | 46. | | 2. Howard Hinds | NAT | 52.52s | 51. | | 3. Aleksandr Agafonov | UZB | 52.58s | 54. | | 4. Ríkarður Ríkarðsson | ISL | 52.85s | 58. | | 5. George Bovell | TRT | 52.90s | 59. | | 6. Gentle Offoin | NGR | 52.91s | 60. | | 7. Kenny Roberts | SEY | 53.40s | 61. | | 8. Alejandro Castellanos | HON | 54.06s | 64. |
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| Heat 2 | Team | time | Rk. | | 1. Gregory Arkhurst | IVC | 53.55s | 63. | | 2. Hamid Reza Mobarez | IRN | 54.12s | 65. | | 3. Wen Ying Lim | MRI | 54.33s | 66. | | 4. Ganaagiin Galbadrakh | MGL | 58.79s | 67. | | 5. Ragi Edde | LEB | 59.26s | 68. | | 6. Marien Michel Ngouabi | CGO | 1:00.39 | 69. | | 7. Dawood Youssef Mohamed Jassim | BRN | 1:02.45 | 70. |
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| Heat 1. | Team | time | Rk. | | 1. Eric Moussambani | EQG | 1:52.72 | 71. | | -. Farkhod Oripov | TJK | | | | -. Karim Bare | NIG | | |
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