Race held at the Estoril circuit
| Position | No. | Pilot | Team | Brand | Time | Laps | Points | Start |
|---|---|---|---|---|---|---|---|---|
| 1 | 24 |
Garry McCoy
|
Red Bull Yamaha WCM | Yamaha | 48'07.663 | 28 | 25 | 1 |
| 2 | 2 |
Kenny Jr Roberts
|
Telefonica Movistar Suzuki | Suzuki | 48'12.604 | 28 | 20 | 4 |
| 3 | 46 |
Valentino Rossi
|
Nastro Azzurro Team | 48'12.845 | 28 | 16 | 12 | |
| 4 | 4 |
Max Biaggi
|
Marlboro Yamaha Team | Yamaha | 48'13.387 | 28 | 13 | 5 |
| 5 | 55 |
Regis Laconi
|
Red Bull Yamaha WCM | Yamaha | 48'21.422 | 28 | 11 | 10 |
| 6 | 1 |
Alex Criville
|
Repsol Honda Team | Honda | 48'23.085 | 28 | 10 | 9 |
| 7 | 8 |
Tadayuki Okada
|
Repsol Honda Team | Honda | 48'23.088 | 28 | 9 | 6 |
| 8 | 17 |
Jurgen van den Goorbergh
|
Rizla Honda | Honda | 48'23.439 | 28 | 8 | 3 |
| 9 | 6 |
Norick Abe
|
Antena 3 Yamaha d\'Antin | Yamaha | 48'27.286 | 28 | 7 | 13 |
| 10 | 10 |
Alex Barros
|
Emerson Honda Pons | Honda | 48'27.506 | 28 | 6 | 7 |
| 11 | 99 |
Jeremy McWilliams
|
Aprilia Grand Prix Racing | Aprilia | 48'40.084 | 28 | 5 | 15 |
| 12 | 7 |
Carlos Checa
|
Marlboro Yamaha Team | Yamaha | 48'40.858 | 28 | 4 | 8 |
| 13 | 65 |
Loris Capirossi
|
Emerson Honda Pons | Honda | 49'02.579 | 28 | 3 | 14 |
| 14 | 31 |
Tetsuya Harada
|
Aprilia Grand Prix Racing | Aprilia | 49'21.225 | 28 | 2 | 17 |
| 15 | 68 |
Mark Willis
|
Proton Team KR | 49'25.974 | 28 | 1 | 16 | |
| 16 | 25 |
Jose Luis Cardoso
|
Maxon Dee Cee Jeans | 49'27.195 | 28 | 0 | 18 | |
| 17 | 15 |
Yoshiteru Konishi
|
F.C.C. TSR | 49'54.803 | 28 | 0 | 19 | |
| 18 | 18 |
Sébastien Le Grelle
|
Tecmas Honda Elf | Honda | 48'08.664 | 27 | 0 | 20 |
| 19 | 20 |
Phil Giles
|
Sabre Sport | 48'08.664 | 27 | 0 | 21 | |
| 1 | 9 |
Nobuatsu Aoki
|
Telefonica Movistar Suzuki | Suzuki | 0 | 0 | 2 | |
| 2 | 43 |
Paulo Tessari
|
Team Paton | 10 | 0 | 22 | ||
| 3 | 5 |
Sete Gibernau
|
Repsol Honda Team | Honda | 20 | 0 | 11 |
Estoril motorcycle circuit