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Date: 7 February 1976
| Rank | Name | Nation | Time |
| 1 | Tatyana Averina | URS | 1:28.43 |
| 2 | Leah Poulos | USA | 1:28.57 |
| 3 | Sheila Young | USA | 1:29.14 |
| 4 | Sylvia Burka | CAN | 1:29.47 |
| 5 | Monika Holzner | FRG | 1:29.54 |
| 6 | Cathy Priestner | CAN | 1:29.66 |
| 7 | Lyudmila Titova | URS | 1:30.06 |
| 8 | Heike Lange | GDR | 1:30.55 |
| 9 | Makiko Nagaya | JPN | 1:31.23 |
| 10 | Erwina Ryś | POL | 1:31.59 |
| 11 | Sijtje van der Lende | NED | 1:31.66 |
| 12 | Monika Zernicek | GDR | 1:31.68 |
| 13 | Paula-Irmeli Halonen | FIN | 1:31.72 |
| 14 | Ann-Sofie Järnström | SWE | 1:32.06 |
| 15 | Tatyana Shelekhova | URS | 1:32.08 |
| 16 | Annie Borckink | NED | 1:32.50 |
| 17 | Tuula Vilkas | FIN | 1:32.94 |
| 18 | Sigrid Sundby Dybedahl | NOR | 1:33.05 |
| 19 | Ewa Malewicka | POL | 1:33.89 |
| 20 | Yuko Ota | JPN | 1:33.99 |
| 21 | Ute Dix | GDR | 1:34.14 |
| 22 | Liz Appleby | CAN | 1:34.27 |
| 23 | Christa Jaarsma | NED | 1:34.63 |
| 24 | Keiko Hasegawa | JPN | 1:35.42 |
| 25 | Lee Nam-Sun | KOR | 1:35.58 |
| 26 | Janina Korowicka | POL | 1:35.81 |
| Did not start | |||
| Linda Rombouts | BEL | ||
| Disqualified | |||
| Peggy Crowe | USA | ||