| Final | time | | 1. Melvin Sheppard |  United States | 1:52.8 WR | | 2. Emilio Lunghi |  Italy | 1:54.2 | | 3. Hanns Braun |  Germany | 1:55.2 | | 4. Ödön Bodor |  Hungary | 1:55.4 | | 5. Theodore Just |  Great Britain | 1:56.4 | | 6. John Halstead | United States | Unknown | | -. Clarke Beard | United States | DNF | | -. Ivo Fairbairn-Crawford | Great Britain | DNF |
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| | | Venue: White City Stadium - track of 536.45 metres=1⁄3 mile. |
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| | | Winner of each of 8 Heats advanced to Final. |
| Heat 1 | time | | 1. Ödön Bodor | HUN | 1:58.6 | | 2. George Butterfield | GBR | 1:58.9 | | 3. Evert Björn |  SWE | Unknown | | 4. James Lightbody | USA | Unknown | | -. Frederick Ashford | GBR | DNF | | -. Henk van der Wal |  NED | DNF |
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| Heat 2 | time | | 1. Mel Sheppard | USA | 1:58.0 | | 2. James Lintott | GBR | 1:58.8 | | 3. R. Irving Parkes |  Can | Unknown |
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| Heat 3 | time | | 1. John Halstead | USA | 2:01.4 | | 2. John W. Lee | GBR | 2:01.7 | | 3. George Morphy | GBR | Unknown | | 4. József Nagy | HUN | Unknown |
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| Heat 4 | time | | 1. Emilio Lunghi |  ITA | 1:57.2 | | 2. Harry Coe | USA | 1:58.0 | | 3. Lloyd Jones | USA | Unknown | | -. Stefanos Dimitrios |  Gre | DNF | | -. L. J. Manogue | GBR | DNF |
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| Heat 5 | time | | 1. Clarke Beard | USA | 1:59.8 | | 2. Arthur Astley | GBR | 1:59.9 | | 3. Donald Buddo | Can | Unknown | | 4. Oskar Quarg | GeR | 2:10.0 | | -. Edward Dahl | SWE | DNF | | -. Charles M. French | USA | DNF |
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| Heat 6 | time | | 1. Theodore Just | GBR | 1:57.8 | | 2. Andreas Breynck | GeR | 2:06.0 | | -. Frank Danielson | SWE | DNF | | -. Arie Vosbergen | NED | DNF |
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| Heat 7 | time | | 1. Hanns Braun | GeR | 1:58.0 | | 2. Joseph Bromilow | USA | 1:58.3 | | 3. Harold Holding | GBR | 1:58.5 | | -. Bram Evers | NED | DNF | | -. Horace Ramey | USA | DNF | | -. Fredrik Svanström |  FIN | DNF |
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| Heat 8 | time | | 1. Ivo Fairbairn-Crawford | GBR | 1:57.8 | | 2. Kristian Hellström | SWE | 2:00.0 | | 3. Harvey Sutton |  ANZ | 2:00.0 | | 4. Francis Sheehan | USA | Unknown |
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