Race held at the Ricardo Tormo circuit
| Position | No. | Pilot | Team | Brand | Time | Laps | Points | Start |
|---|---|---|---|---|---|---|---|---|
| 1 | 4 |
Alex Barros
|
West Honda Pons | Honda | 47'22.404 | 30 | 25 | 2 |
| 2 | 46 |
Valentino Rossi
|
Repsol Honda Team | Honda | 47'22.634 | 30 | 20 | 6 |
| 3 | 3 |
Max Biaggi
|
Marlboro Yamaha Team | Yamaha | 47'37.617 | 30 | 16 | 1 |
| 4 | 74 |
Daijiro Kato
|
Fortuna Honda Gresini | Honda | 47'44.908 | 30 | 13 | 3 |
| 5 | 11 |
Tohru Ukawa
|
Repsol Honda Team | Honda | 47'57.569 | 30 | 11 | 7 |
| 6 | 56 |
Shinya Nakano
|
Gauloises Yamaha Tech3 | Yamaha | 48'12.573 | 30 | 10 | 9 |
| 7 | 17 |
Jurgen van den Goorbergh
|
Kanemoto Racing | 48'26.218 | 30 | 9 | 15 | |
| 8 | 99 |
Jeremy McWilliams
|
Proton Team KR | 48'27.483 | 30 | 8 | 8 | |
| 9 | 19 |
Olivier Jacque
|
Gauloises Yamaha Tech3 | Yamaha | 48'30.716 | 30 | 7 | 11 |
| 10 | 6 |
Norifumi Abe
|
Antena 3 Yamaha d\'Antin | Yamaha | 48'30.716 | 30 | 6 | 20 |
| 11 | 21 |
John Hopkins
|
Red Bull Yamaha WCM | Yamaha | 48'48.645 | 30 | 5 | 17 |
| 12 | 84 |
Andrew Pitt
|
Kawasaki Racing Team | Kawasaki | 48'49.831 | 30 | 4 | 18 |
| 13 | 15 |
Sete Gibernau
|
Telefonica Movistar Suzuki | Suzuki | 47'30.217 | 29 | 3 | 10 |
| 14 | 31 |
Tetsuya Harada
|
Pramac Honda Racing Team | Honda | 48'52.938 | 29 | 2 | 22 |
| 1 | 10 |
Kenny Jr Roberts
|
Telefonica Movistar Suzuki | Suzuki | 38'29.089 | 24 | 0 | 14 |
| 2 | 65 |
Loris Capirossi
|
West Honda Pons | Honda | 30'27.749 | 19 | 0 | 12 |
| 3 | 29 |
David Garcia
|
Proton Team KR | 21'36.940 | 13 | 0 | 19 | |
| 4 | 8 |
Garry McCoy
|
Red Bull Yamaha WCM | Yamaha | 10'07.183 | 6 | 0 | 4 |
| 5 | 55 |
Regis Laconi
|
MS Aprilia Racing | Aprilia | 1'44.973 | 1 | 0 | 13 |
| 6 | 9 |
Nobuatsu Aoki
|
Proton Team KR | 1'44.626 | 1 | 0 | 16 | |
| 7 | 7 |
Carlos Checa
|
Marlboro Yamaha Team | Yamaha | 0 | 0 | 5 | |
| 8 | 30 |
Jose Luis Cardoso
|
Antena 3 Yamaha d\'Antin | Yamaha | 0 | 0 | 21 |
Ricardo Tormo motorcycle circuit