| Final | Team | time | Rk. | | 1. Ian Thorpe |  AUS | 1:44.71 | 2. 1. | | 2. Pieter van den Hoogenband |  NED | 1:45.23 | 1. 2. | | 3. Michael Phelps |  USA | 1:45.32 | 3. 5. | | 4. Klete Keller | USA | 1:46.13 | 4. 4. | | 5. Grant Hackett | AUS | 1:46.56 | 5. 7. | | 6. Rick Say |  CAN | 1:47.55 | 8.10. | | 7. Simon Burnett |  GBR | 1:48.02 | 6. 6. | | 8. Emiliano Brembilla |  ITA | 1:48.40 | 7. 3. |
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| Semi 1 | Team | time | Rk. | | 1. Pieter van den Hoogenband | NED | 1:46.00 | 1. | | 2. Klete Keller | USA | 1:47.28 | 4. | | 3. Simon Burnett | GBR | 1:47.72 | 6. | | 4. Květoslav Svoboda |  CZE | 1:49.27 | 9. | | 5. Yoshihiro Okumura |  JPN | 1:49.49 | 10. | | 6. Andreas Zisimos |  GRE | 1:49.76 | 12. | | 7. Dominik Meichtry |  SUI | 1:50.02 | 14. | | 8. Olaf Wildeboer |  ESP | 1:50.61 | 15. |
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| Semi 2 | Team | time | Rk. | | 1. Ian Thorpe | AUS | 1:46.65 | 2. | | 2. Michael Phelps | USA | 1:47.08 | 3. | | 3. Grant Hackett | AUS | 1:47.61 | 5. | | 4. Emiliano Brembilla | ITA | 1:47.93 | 7. | | 5. Rick Say | CAN | 1:48.16 | 8. | | 6. George Bovell |  TRT | 1:49.59 | 11. | | 7. Brent Hayden | CAN | 1:50.00 | 13. | | 8. Andrey Kapralov |  RUS | 1:51.35 | 16. |
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| Heat 8 | Team | time | Rk. | | 1. Ian Thorpe | AUS | 1:47.22 | 1. | | 2. Pieter van den Hoogenband | NED | 1:47.32 | 2. | | 3. Emiliano Brembilla | ITA | 1:47.95 | 3. | | 4. Simon Burnett | GBR | 1:48.68 | 6. | | 5. Květoslav Svoboda | CZE | 1:49.25 | 9. | | 6. Dominik Meichtry | SUI | 1:49.45 | 11. | | 7. Peter Mankoč |  SLO | 1:50.72 | 22. | | 8. Nicolas Rostoucher |  FRA | 1:50.96 | 25. |
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| Heat 7 | Team | time | Rk. | | 1. Klete Keller | USA | 1:47.97 | 4. | | 2. Grant Hackett | AUS | 1:48.90 | 7. | | 3. Jens Schreiber |  GER | 1:49.00 | 8. | | 4. George Bovell | TRT | 1:49.48 | 12. | | 5. Yoshihiro Okumura | JPN | 1:49.54 | 13. | | 6. Brent Hayden | CAN | 1:49.56 | 14. | | 7. Andreas Zisimos | GRE | 1:49.60 | 15. | | 8. Maksim Kuznetsov | RUS | 1:50.93 | 24. |
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| Heat 6 | Team | time | Rk. | | 1. Michael Phelps | USA | 1:48.43 | 5. | | 2. Rick Say | CAN | 1:49.32 | 10. | | 3. Andrey Kapralov | RUS | 1:49.91 | 16. | | 4. Olaf Wildeboer | ESP | 1:50.01 | 17. | | 5. Stefan Herbst | GER | 1:50.23 | 19. | | 6. Rodrigo Castro |  BRA | 1:50.27 | 20. | | 7. Zhang Lin |  CHN | 1:53.84 | 43. | | 8. Andrea Beccari | ITA | 1:54.00 | 46. |
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| Heat 5 | Team | time | Rk. | | 1. Jacob Carstensen |  DEN | 1:50.15 | 18. | | 2. Saulius Binevičius |  LTU | 1:50.50 | 21. | | 3. Romāns Miloslavskis |  LAT | 1:50.83 | 23. | | 4. Dominik Koll |  AUT | 1:51.36 | 26. | | 5. Luís Monteiro |  POR | 1:51.78 | 29. | | 6. Lukasz Drzewinski |  POL | 1:51.90 | 30. | | 7. Tamás Szűcs |  HUN | 1:52.26 | 32. | | 8. Han Gyu-Cheol |  KOR | 1:52.28 | 33. |
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| Heat 4 | Team | time | Rk. | | 1. Dmytro Vereitynov |  UKR | 1:51.38 | 27. | | 2. Josh Ilika |  MEX | 1:51.66 | 28. | | 3. Damian Alleyne |  BBS | 1:52.89 | 34. | | 4. Mahrez Mebarek |  ALG | 1:53.00 | 35. | | 5. Yegor Salobutov |  BLR | 1:53.03 | 37. | | 6. Giancarlo Zolezzi |  CHI | 1:53.18 | 39. | | 7. Miguel Molina |  PHI | 1:53.81 | 42. | | 8. Aytekin Mindan |  TUR | 1:55.65 | 52. |
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| Heat 3 | Team | time | Rk. | | 1. Aleksandar Malenko |  MKD | 1:53.00 | 35. | | 2. Albert Subirats |  VEN | 1:53.11 | 38. | | 3. Juan Martín Pereyra |  ARG | 1:53.19 | 40. | | 4. Shaune Fraser |  CAY | 1:53.19 | 40. | | 5. Alexandros Aresti |  CYP | 1:53.90 | 44. | | 6. Chen Te-Tung |  TPE | 1:54.14 | 47. | | 7. Mario Delač |  CRO | 1:55.82 | 54. | | 8. Diego Mularoni |  SMR | 1:56.18 | 56. |
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| Heat 2 | Team | time | Rk. | | 1. Mikhail Aleksandrov |  BUL | 1:52.12 | 31. | | 2. Martín Kutscher |  URU | 1:53.91 | 45. | | 3. Pinciuc Ştefan |  MDA | 1:54.56 | 49. | | 4. Anouar Ben Naceur |  TUN | 1:54.69 | 50. | | 5. Mark Chay |  SIN | 1:54.70 | 51. | | 6. Adil Bellaz |  MOR | 1:55.79 | 53. | | 7. Vitaly Khan |  KAZ | 1:56.11 | 55. | | 8. Pyotr Vasilyev |  UZB | 1:56.93 | 57. |
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| Heat 1 | Team | time | Rk. | | 1. Igor Erhartić |  YUG | 1:54.21 | 48. | | 2. Zurab Khomasuridze |  GEO | 1:58.02 | 58. | | 3. Ruslan Ismailov |  KGZ | 2:01.53 | 59. |
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