| 1 | Bonnie Blair (Senior) | USA | 1:21.90 | TR | - |
| 2 | Qiaobo Ye (Senior) | CHN | 1:21.92 | | +0.020 |
| 3 | Monique Garbrecht (Neo) | GER | 1:22.10 | | +0.200 |
| 4 | Christine Aaftink (Senior) | NED | 1:22.60 | | +0.700 |
| 5 | Seiko Hashimoto (Senior) | JPN | 1:22.63 | SB | +0.730 |
| 6 | Mihaela Dascălu (Neo) | ROU | 1:22.85 | NR | +0.950 |
| 7 | Jelena Tjushnjakova (Senior) | RUS | 1:22.97 | | +1.070 |
| 8 | Christa Luding (Senior) | GER | 1:23.06 | | +1.160 |
| 9 | Anke Baier (Neo) | GER | 1:23.31 | | +1.410 |
| 10 | Emese Hunyady (Senior) | AUT | 1:23.40 | SB | +1.500 |
| 11 | Seon-Hee Yoo (Senior) | KOR | 1:23.49 | SB | +1.590 |
| 12 | Herma Emmens-Meijer (Neo) | NED | 1:23.50 | | +1.600 |
| 13 | Edel Therese Høiseth (Senior) | NOR | 1:23.85 | | +1.950 |
| 14 | Angela Hauck (Senior) | GER | 1:24.11 | | +2.210 |
| 15 | Oksana Ravilova (Senior) | RUS | 1:24.14 | | +2.240 |
| 16 | Sandra Voetelink (Neo) | NED | 1:24.21 | | +2.310 |
| 17 | Susan Auch (Senior) | CAN | 1:24.27 | | +2.370 |
| 18 | Kyuoko Shimazaki (Neo) | JPN | 1:24.28 | | +2.380 |
| 19 | Ewa Justyna Wasilewska-Borkowska (Senior) | POL | 1:24.28 | SB | +2.380 |
| 20 | Natalja Polozkova-Kozlova (Neo) | RUS | 1:24.30 | | +2.400 |
| 21 | Else Ragni Yttredal (Neo) | NOR | 1:24.54 | SB | +2.640 |
| 22 | Yuexi Liu (Neo) | CHN | 1:24.71 | PB | +2.810 |
| 23 | Noriko Miyaji (Senior) | JPN | 1:24.96 | | +3.060 |
| 24 | Yoko Fukazawa (Neo) | JPN | 1:25.00 | SB | +3.100 |
| 25 | Shelley Rhead (Senior) | CAN | 1:25.04 | | +3.140 |
| 26 | Chang-Suk Chong (B2) | PRK | 1:25.10 | TRJ, SB | +3.200 |
| 27 | Ruihong Xue (Senior) | CHN | 1:25.11 | SB | +3.210 |
| 28 | Jelena Lapuga-Konotopova (Senior) | RUS | 1:25.21 | | +3.310 |
| 29 | Peggy Clasen (Neo) | USA | 1:25.31 | | +3.410 |
| 30 | Hwa-Seon Song (Senior) | PRK | 1:25.80 | SB | +3.900 |
| 31 | Catriona LeMay (Neo) | CAN | 1:25.91 | | +4.010 |
| 32 | Moira d'Andrea (Senior) | USA | 1:26.13 | | +4.230 |
| 33 | Chun-Wol Kim (B2) | PRK | 1:26.49 | | +4.590 |
| 34 | Krisztina Egyed (C2) | HUN | 1:27.81 | NRJ | +5.910 |
| DQ | Cerasela Simona Hordobeţiu (Neo) | ROU | DQ | | - |
| DQ | Michelle Kline (Neo) | USA | DQ | | - |