Race held at the Estoril circuit
| Position | No. | Pilot | Team | Brand | Time | Laps | Points | Start |
|---|---|---|---|---|---|---|---|---|
| 1 | 46 |
Valentino Rossi
|
Repsol Honda Team | Honda | 54'12.962 | 28 | 25 | 3 |
| 2 | 7 |
Carlos Checa
|
Marlboro Yamaha Team | Yamaha | 54'35.162 | 28 | 20 | 1 |
| 3 | 11 |
Tohru Ukawa
|
Repsol Honda Team | Honda | 54'37.182 | 28 | 16 | 8 |
| 4 | 10 |
Kenny Jr Roberts
|
Telefonica Movistar Suzuki | Suzuki | 54'53.794 | 28 | 13 | 12 |
| 5 | 4 |
Alex Barros
|
West Honda Pons | Honda | 54'55.671 | 28 | 11 | 4 |
| 6 | 3 |
Max Biaggi
|
Marlboro Yamaha Team | Yamaha | 54'57.026 | 28 | 10 | 5 |
| 7 | 6 |
Norifumi Abe
|
Antena 3 Yamaha d\'Antin | Yamaha | 56'01.974 | 28 | 9 | 13 |
| 8 | 21 |
John Hopkins
|
Red Bull Yamaha WCM | Yamaha | 56'16.063 | 28 | 8 | 15 |
| 9 | 99 |
Jeremy McWilliams
|
Proton Team KR | 54'33.830 | 27 | 7 | 6 | |
| 10 | 31 |
Tetsuya Harada
|
Pramac Honda Racing Team | Honda | 55'01.691 | 27 | 6 | 18 |
| 11 | 8 |
Garry McCoy
|
Red Bull Yamaha WCM | Yamaha | 55'15.117 | 27 | 5 | 16 |
| 12 | 56 |
Shinya Nakano
|
Gauloises Yamaha Tech3 | Yamaha | 55'21.518 | 27 | 4 | 17 |
| 1 | 15 |
Sete Gibernau
|
Telefonica Movistar Suzuki | Suzuki | 46'24.598 | 24 | 0 | 9 |
| 2 | 74 |
Daijiro Kato
|
Fortuna Honda Gresini | Honda | 14'47.199 | 7 | 0 | 2 |
| 3 | 65 |
Loris Capirossi
|
West Honda Pons | Honda | 12'20.202 | 6 | 0 | 7 |
| 4 | 55 |
Regis Laconi
|
MS Aprilia Racing | Aprilia | 6'15.048 | 3 | 0 | 14 |
| 5 | 17 |
Jurgen van den Goorbergh
|
Kanemoto Racing | 4'43.255 | 2 | 0 | 10 | |
| 6 | 9 |
Nobuatsu Aoki
|
Proton Team KR | 4'10.372 | 2 | 0 | 11 | |
| 7 | 19 |
Olivier Jacque
|
Gauloises Yamaha Tech3 | Yamaha | 0 | 0 | 19 | |
| 8 | 20 |
Pere Riba
|
Antena 3 Yamaha d\'Antin | Yamaha | 0 | 0 | 20 |
Estoril motorcycle circuit