| Final | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 1:45.35 | 2. 1. | | 2. Ian Thorpe | AUS | 1:45.83 | 1. 2. | | 3. Massimiliano Rosolino | ITA | 1:46.65 | 3. 3. | | 4. Josh Davis | USA | 1:46.73 | 4. 4. | | 5. Paul Palmer | GBR | 1:47.95 | 11.8 | | 6. James Salter | GBR | 1:48.74 | 6. 6. | | 7. Rick Say | CAN | 1:48.76 | 5. 5. | | 8. Grant Hackett | AUS | 1:49.46 | 9. 7. |
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| Semi 1 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 1:45.35 | 1. | | 2. Josh Davis | USA | 1:47.06 | 4. | | 3. James Salter | GBR | 1:48.64 | 6. | | 4. Scott Goldblatt | USA | 1:48.83 | 9. | | 5. Stefan Herbst | GER | 1:49.72 | 13. | | 6. Attila Zubor | HUN | 1:49.87 | 14. | | 7. Arnarson Örn | ISL | 1:50.41 | 15. | | 8. Stefan Pohl | GER | 1:50.56 | 16. |
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| Semi 2 | Team | time | Rk. | | 1. Ian Thorpe | AUS | 1:45.37 | 2. | | 2. Massimiliano Rosolino | ITA | 1:46.60 | 3. | | 3. Rick Say | CAN | 1:48.50 | 5. | | 4. Grant Hackett | AUS | 1:48.76 | 7. | | 5. Paul Palmer | GBR | 1:48.79 | 8. | | 6. Andrey Kapralov | RUS | 1:49.04 | 10. | | 7. Szabados Béla | HUN | 1:49.36 | 11. | | 8. Igor Koleda | BLR | 1:49.52 | 12. |
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| Heat 7 | Team | time | Rk. | | 1. Ian Thorpe | AUS | 1:46.56 | 1. | | 2. Massimiliano Rosolino | ITA | 1:47.37 | 3. | | 3. Rick Say | CAN | 1:48.62 | 5. | | 4. Scott Goldblatt | USA | 1:49.05 | 8. | | 5. Andrey Kapralov | RUS | 1:49.92 | 13. | | 6. Dragoş Coman | ROU | 1:50.20 | 17. | | 7. Květoslav Svoboda | CZE | 1:50.29 | 18. |
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| Heat 6 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 1:46.71 | 2. | | 2. Igor Koleda | BLR | 1:49.01 | 7. | | 3. Grant Hackett | AUS | 1:49.23 | 9. | | 4. Stefan Pohl | GER | 1:50.07 | 14. | | 5. Szabados Béla | HUN | 1:50.10 | 15. | | 6. Martijn Zuijdweg | NED | 1:50.37 | 19. | | 7. Dimitrios Manganas | GRE | 1:54.36 | 36. |
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| Heat 5 | Team | time | Rk. | | 1. Josh Davis | USA | 1:48.43 | 4. | | 2. James Salter | GBR | 1:48.77 | 6. | | 3. Arnarson Örn | ISL | 1:49.78 | 10. | | 4. Paul Palmer | GBR | 1:49.83 | 11. | | 5. Stefan Herbst | GER | 1:49.84 | 12. | | 6. Attila Zubor | HUN | 1:50.11 | 16. | | 7. Jacob Carstensen | DEN | 1:50.41 | 20. | | 8. Mark Johnston | CAN | 1:50.92 | 21. |
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| Heat 4 | Team | time | Rk. | | 1. Arūnas Savickas | LTU | 1:52.02 | 22. | | 2. Rostyslav Svanidze | UKR | 1:52.35 | 24. | | 3. Ricardo Pedroso | POR | 1:52.60 | 25. | | 4. Kwok Kimi Ming | HKG | 1:52.71 | 26. | | 5. Dmitry Kuzmin | KGZ | 1:52.93 | 28. | | 6. Andrei Cecan | MDA | 1:53.23 | 31. | | 7. Rodrigo Castro | BRA | 1:53.65 | 33. | | 8. Glen Walshaw | ZIM | 1:54.70 | 40. |
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| Heat 3 | Team | time | Rk. | | 1. Damian Alleyne | BBS | 1:52.75 | 27. | | 2. Cheol U | KOR | 1:53.02 | 29. | | 3. Javier Díaz | MEX | 1:53.20 | 30. | | 4. Jonathan Duncan | NZL | 1:53.27 | 32. | | 5. Fernando Jácome | COL | 1:54.17 | 34. | | 6. Francisco Páez | VEN | 1:54.32 | 35. | | 7. Wu Nien-Pin | TPE | 1:54.58 | 38. | | 8. Vicha Ratanachote | THA | 1:54.91 | 43. |
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| Heat 2 | Team | time | Rk. | | 1. Mark Chay | SIN | 1:52.22 | 23. | | 2. Hou Ming Ong | MAS | 1:54.53 | 37. | | 3. George Gleason | USV | 1:54.64 | 39. | | 4. Nikola Kalabić | YUG | 1:54.75 | 41. | | 5. Aytekin Mindan | TUR | 1:54.86 | 42. | | 6. Carl Probert | FIJ | 1:54.98 | 45. | | 7. Andrey Kvasov | KAZ | 1:55.72 | 48. | | 8. Alexandros Aresti | CYP | 1:57.54 | 49. |
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| Heat 1 | Team | time | Rk. | | 1. Oleg Tsvetkovsky | UZB | 1:54.93 | 44. | | 2. Mahmoud El-Wany | EGY | 1:55.19 | 46. | | 3. Sebastien Paddington | TRT | 1:55.40 | 47. | | 4. Hakimuddin Shabbir Habibulla | IND | 1:58.35 | 50. | | 5. Santiago Deu | AND | 1:59.31 | 51. |
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