| Final | | time | | | 1. Thomas Wessinghage |  West Germany | 3:44.6 | | | 2. Pyotr Anisim |  Soviet Union | 3:45.4 | | | 3. Gheorghe Ghipu |  Romania | 3:45.4 | | | 4. Anatoliy Mamontov | Soviet Union | 3:47.0 | | | 5. Michał Skowronek |  Poland | 3:49.1 | | | 6. Henryk Szordykowski | Poland | 3:55.4 | | | 7. Werner Meier |  Switzerland | 3:58.9 | | | -. Phil Banning |  Great Britain | DNF | |
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Heats - Saturday, 8th March | | First 2 from each Heat and next Best 2 advanced to Final. |
| Heat 1 | | time | | | 1. Henryk Szordykowski | Poland | 3:45.0 | Q | | 2. Anatoliy Mamontov | Soviet Union | 3:45.1 | Q | | 3. Phil Banning | Great Britain | 3:45.4 | q | | 15.Ruben Sørensen |  Denmark | 3:49.9 | | | 16.Paul-Heinz Wellmann | West Germany | 3:51.1 | | | 18.Åke Svenson |  Sweden | 3:55.5 | |
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| Heat 2 | | time | | | 4. Thomas Wessinghage | West Germany | 3:46.3 | Q | | 5. Michał Skowronek | Poland | 3:46.3 | Q | | 6. Werner Meier | Switzerland | 3:46.5 | q | | 7. Petre Lupan | Romania | 3:46.9 | | | 13.Walter Wilkinson | Great Britain | 3:48.5 | | | 17.Alain Caron |  France | 3:53.1 | |
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| Heat 1 | | time | | | 1. Henryk Szordykowski | Poland | 3:45.0 | Q | | 2. Anatoliy Mamontov | Soviet Union | 3:45.1 | Q | | 3. Phil Banning | Great Britain | 3:45.4 | q | | 15.Ruben Sørensen | Denmark | 3:49.9 | | | 16.Paul-Heinz Wellmann | West Germany | 3:51.1 | | | 18.Åke Svenson | Sweden | 3:55.5 | |
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