| Final | Team | time | Rk. | | 1. Tom Malchow | USA | 1:55.35 | 1. 1. | | 2. Denys Sylantyev | UKR | 1:55.76 | 2. 3. | | 3. Justin Norris | AUS | 1:56.17 | 4. 6. | | 4. Anatoly Polyakov | RUS | 1:56.34 | 5. 2. | | 5. Michael Phelps | USA | 1:56.50 | 3. 4. | | 6. Steve Parry | GBR | 1:57.01 | 8. 7. | | 7. Denis Pankratov | RUS | 1:57.97 | 9. 2. | | 8. Franck Esposito | FRA | 1:58.39 | 7. 5. |
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| Semi 1 | Team | time | Rk. | | 1. Denys Sylantyev | UKR | 1:56.81 | 3. | | 2. Justin Norris | AUS | 1:57.10 | 6. | | 3. Steve Parry | GBR | 1:57.23 | 7. | | 4. Takashi Yamamoto | JPN | 1:57.66 | 9. | | 5. James Hickman | GBR | 1:57.84 | 10. | | 6. Heath Ramsay | AUS | 1:57.90 | 11. | | 7. Hisayoshi Tanaka | JPN | 1:58.06 | 12. | | 8. Serhiy Fesenko | UKR | 1:59.03 | 16. |
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| Semi 2 | Team | time | Rk. | | 1. Tom Malchow | USA | 1:56.02 | 1. | | 2. Anatoly Polyakov | RUS | 1:56.78 | 2. | | 3. Michael Phelps | USA | 1:57.00 | 4. | | 4. Franck Esposito | FRA | 1:57.04 | 5. | | 5. Denis Pankratov | RUS | 1:57.24 | 8. | | 6. Andrew Livingston | PUR | 1:58.63 | 13. | | 7. Stefan Aartsen | NED | 1:58.66 | 14. | | 8. Thomas Rupprath | GER | 1:58.96 | 15. |
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| Heat 6 | Team | time | Rk. | | 1. Tom Malchow | USA | 1:56.25 | 1. | | 2. Justin Norris | AUS | 1:57.60 | 4. | | 3. James Hickman | GBR | 1:57.88 | 6. | | 4. Steve Parry | GBR | 1:58.00 | 8. | | 5. Stefan Aartsen | NED | 1:58.89 | 13. | | 6. Andrew Livingston | PUR | 1:59.05 | 15. | | 7. Serhiy Fesenko | UKR | 1:59.41 | 16. | | 8. Shamek Pietucha | CAN | 1:59.59 | 18. |
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| Heat 5 | Team | time | Rk. | | 1. Michael Phelps | USA | 1:57.30 | 3. | | 2. Anatoly Polyakov | RUS | 1:57.67 | 5. | | 3. Franck Esposito | FRA | 1:57.97 | 7. | | 4. Denis Pankratov | RUS | 1:58.01 | 9. | | 5. Takashi Yamamoto | JPN | 1:58.07 | 10. | | 6. Han Gyu-Cheol | KOR | 1:59.85 | 19. | | 7. Juan José Veloz | MEX | 2:00.02 | 20. | | 8. Xie Xufeng | CHN | 2:02.00 | 33. |
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| Heat 4 | Team | time | Rk. | | 1. Denys Sylantyev | UKR | 1:56.42 | 2. | | 2. Thomas Rupprath | GER | 1:58.32 | 11. | | 3. Heath Ramsay | AUS | 1:58.82 | 12. | | 4. Hisayoshi Tanaka | JPN | 1:59.00 | 14. | | 5. Ioan Ştefan Gherghel | ROU | 1:59.48 | 17. | | 6. Jorge Pérez | ESP | 2:00.15 | 23. | | 7. Massimiliano Eroli | ITA | 2:01.32 | 30. | | 8. Mickey Halika | ISR | 2:01.79 | 31. |
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| Heat 3 | Team | time | Rk. | | 1. Vladan Marković | YUG | 2:00.11 | 21. | | 2. Viktor Bodrogi | HUN | 2:00.74 | 24. | | 3. Ioannis Drymonakos | GRE | 2:00.75 | 25. | | 4. Theo Verster | RSA | 2:00.90 | 26. | | 5. Gunter Rodríguez | CUB | 2:01.06 | 27. | | 6. Michael Windisch | AUT | 2:01.20 | 28. | | 7. Tero Välimaa | FIN | 2:02.46 | 34. | | 8. Colin Lowth | IRE | 2:03.91 | 37. |
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| Heat 2 | Team | time | Rk. | | 1. Anthony Ang | MAS | 2:00.12 | 22. | | 2. Zoran Lazarovski | MKD | 2:01.30 | 29. | | 3. Kwok Kimi Ming "Mark" | HKG | 2:01.99 | 32. | | 4. Juan Pablo Valdivieso | PER | 2:03.67 | 36. | | 5. Dulyarit Phuangthong | THA | 2:04.15 | 38. | | 6. Lovrenco Franićević | CRO | 2:04.35 | 39. | | 7. Konstantin Andryushin | KGZ | 2:04.86 | 41. | | 8. Albert Sutanto | INA | 2:05.13 | 42. |
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| Heat 1 | Team | time | Rk. | | 1. Tseng Cheng-Hua | TPE | 2:03.62 | 35. | | 2. Georgi Palazov | BUL | 2:04.40 | 40. | | 3. Roberto Delgado | ECU | 2:08.18 | 43. | | 4. Dumitru Zastoico | MDA | 2:09.34 | 44. | | 5. Dmitry Tsutskarev | UZB | 2:10.54 | 45. | | 6. Fadi Kouzmah | SYR | 2:11.56 | 46. |
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