Race held at the Phillip Island circuit
| Position | No. | Pilot | Team | Brand | Time | Laps | Points | Start |
|---|---|---|---|---|---|---|---|---|
| 1 | 46 |
Valentino Rossi
|
Repsol Honda Team | Honda | 42'02.041 | 27 | 25 | 7 |
| 2 | 4 |
Alex Barros
|
West Honda Pons | Honda | 42'11.823 | 27 | 20 | 5 |
| 3 | 11 |
Tohru Ukawa
|
Repsol Honda Team | Honda | 42'13.175 | 27 | 16 | 6 |
| 4 | 74 |
Daijiro Kato
|
Fortuna Honda Gresini | Honda | 42'13.368 | 27 | 13 | 10 |
| 5 | 17 |
Jurgen van den Goorbergh
|
Kanemoto Racing | 42'13.455 | 27 | 11 | 4 | |
| 6 | 3 |
Max Biaggi
|
Marlboro Yamaha Team | Yamaha | 42'22.978 | 27 | 10 | 8 |
| 7 | 9 |
Nobuatsu Aoki
|
Proton Team KR | 42'24.546 | 27 | 9 | 3 | |
| 8 | 19 |
Olivier Jacque
|
Gauloises Yamaha Tech3 | Yamaha | 42'28.683 | 27 | 8 | 17 |
| 9 | 10 |
Kenny Jr Roberts
|
Telefonica Movistar Suzuki | Suzuki | 42'28.733 | 27 | 7 | 12 |
| 10 | 99 |
Jeremy McWilliams
|
Proton Team KR | 42'34.035 | 27 | 6 | 1 | |
| 11 | 7 |
Carlos Checa
|
Marlboro Yamaha Team | Yamaha | 42'36.604 | 27 | 5 | 20 |
| 12 | 15 |
Sete Gibernau
|
Telefonica Movistar Suzuki | Suzuki | 42'40.868 | 27 | 4 | 15 |
| 13 | 56 |
Shinya Nakano
|
Gauloises Yamaha Tech3 | Yamaha | 42'47.459 | 27 | 3 | 16 |
| 14 | 31 |
Tetsuya Harada
|
Pramac Honda Racing Team | Honda | 42'54.583 | 27 | 2 | 18 |
| 15 | 30 |
Jose Luis Cardoso
|
Antena 3 Yamaha d\'Antin | Yamaha | 42'54.806 | 27 | 1 | 21 |
| 16 | 21 |
John Hopkins
|
Red Bull Yamaha WCM | Yamaha | 43'14.210 | 27 | 0 | 14 |
| 17 | 84 |
Andrew Pitt
|
Kawasaki Racing Team | Kawasaki | 43'14.237 | 27 | 0 | 19 |
| 18 | 8 |
Garry McCoy
|
Red Bull Yamaha WCM | Yamaha | 42'02.526 | 26 | 0 | 2 |
| 1 | 72 |
Shinichi Itoh
|
Team HRC | Honda | 17'28.981 | 11 | 0 | 13 |
| 2 | 55 |
Regis Laconi
|
MS Aprilia Racing | Aprilia | 15'52.736 | 10 | 0 | 11 |
| 3 | 65 |
Loris Capirossi
|
West Honda Pons | Honda | 3'18.767 | 2 | 0 | 9 |
Phillip Island motorcycle circuit