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Date: 22 February 1988
| Rank | Name | Nation | Time |
| 1 | Sigrid Wolf | AUT | 1:19.03 |
| 2 | Michela Figini | SUI | 1:20.03 |
| 3 | Karen Percy | CAN | 1:20.29 |
| 4 | Regine Mösenlechner | FRG | 1:20.33 |
| 5 | Anita Wachter | AUT | 1:20.36 |
| 6 | Maria Walliser | SUI | 1:20.48 |
| 7 | Michaela Marzola | ITA | 1:20.91 |
| 7 | Zoë Haas | SUI | 1:20.91 |
| 9 | Edith Thys | USA | 1:20.93 |
| 10 | Christa Kinshofer-Güthlein | FRG | 1:20.98 |
| 10 | Michaela Gerg | FRG | 1:20.98 |
| 12 | Carole Merle | FRA | 1:21.01 |
| 13 | Laurie Graham | CAN | 1:21.11 |
| 13 | Marina Kiehl | FRG | 1:21.11 |
| 15 | Elisabeth Kirchler | AUT | 1:21.16 |
| 16 | Catherine Quittet | FRA | 1:21.48 |
| 17 | Brigitte Oertli | SUI | 1:21.56 |
| 18 | Debbie Armstrong | USA | 1:21.87 |
| 19 | Lucie Laroche | CAN | 1:21.95 |
| 20 | Mateja Svet | YUG | 1:21.96 |
| 21 | Blanca Fernández Ochoa | ESP | 1:22.04 |
| 22 | Claudine Emonet | FRA | 1:22.05 |
| 23 | Kerrin Lee | CAN | 1:22.11 |
| 24 | Emi Kawabata | JPN | 1:22.24 |
| 25 | Sylvia Eder | AUT | 1:22.39 |
| 26 | Hilary Lindh | USA | 1:23.11 |
| 27 | Veronika Šarec | YUG | 1:23.17 |
| 28 | Kate Rattray | NZL | 1:23.48 |
| 29 | Ludmila Milanová | TCH | 1:23.92 |
| 30 | Sachiko Yamamoto | JPN | 1:24.32 |
| 31 | Wendy Lumby | GBR | 1:24.36 |
| 32 | Kristin Krone | USA | 1:24.51 |
| 33 | Ainhoa Ibarra | ESP | 1:24.70 |
| 34 | Mihaela Fera | ROU | 1:25.55 |
| 35 | Clare Booth | GBR | 1:26.27 |
| 36 | Carolina Birkner | ARG | 1:28.42 |
| 37 | Carolina Eiras | ARG | 1:29.87 |
| 38 | Claudina Rossel | AND | 1:30.78 |
| 39 | Mariela Vallecillo | ARG | 1:33.49 |
| 40 | Sandra Grau | AND | 1:33.65 |
| 41 | Astrid Steverlynck | ARG | 1:36.51 |
| Did not finish | |||
| Fiamma Smith | GUA | ||
| Jacqueline Vogt | LIE | ||
| Cathy Chedal | FRA | ||
| Disqualified | |||
| Seba Johnson | ISV | ||
| Thomai Lefousi | GRE | ||
| Did not start | |||
| Lenka Kebrlová | TCH | ||
| Lucia Medzihradská | TCH | ||