| Rank,Lane,Name,Nationality,Time,Notes | |
| -,4,Ian Thorpe,Australia,3:40.59,WR | |
| -,5,Massimiliano Rosolino,Italy,3:43.40,EU | |
| -,7,Klete Keller,United States,3:47.00,AM | |
| 4,6,Emiliano Brembilla,Italy,3:47.01,- | |
| 5,1,Dragoș Coman,Romania,3:47.38,NR | |
| 6,2,Chad Carvin,United States,3:47.58,- | |
| 7,8,Grant Hackett,Australia,3:48.22,- | |
| 8,3,Ryk Neethling,South Africa,3:48.52,- | |