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Date: 22 February 1960
| Rank | Name | Nation | Time |
| 1 | Klara Guseva | URS | 1:34.1 |
| 2 | Helga Haase | GER | 1:34.3 |
| 3 | Tamara Rylova | URS | 1:34.8 |
| 4 | Lidiya Skoblikova | URS | 1:35.3 |
| 5 | Hatsue Takamizawa | JPN | 1:35.8 |
| 5 | Helena Pilejczyk | POL | 1:35.8 |
| 7 | Fumie Hama | JPN | 1:36.1 |
| 8 | Jeanne Ashworth | USA | 1:36.5 |
| 9 | Eevi Huttunen | FIN | 1:37.2 |
| 10 | Iris Sihvonen | FIN | 1:37.3 |
| 11 | Christina Scherling | SWE | 1:37.5 |
| 12 | Elsa Einarsson | SWE | 1:38.0 |
| 13 | Doreen Ryan | CAN | 1:38.1 |
| 14 | Françoise Lucas | FRA | 1:38.4 |
| 15 | Jeanne Omelenchuk | USA | 1:39.8 |
| 16 | Yoshiko Takano | JPN | 1:39.9 |
| 17 | Natascha Liebknecht | GER | 1:43.5 |
| 18 | Sigrit Behrenz | GER | 1:43.8 |
| 19 | Margaret Robb | CAN | 1:45.8 |
| 20 | Han Hye-Ja | KOR | 1:48.8 |
| Did not finish | |||
| Kim Gyeong-Hoe | KOR | ||
| Elwira Seroczyńska | POL | ||