| 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 - | |