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Date: 26 September 1988 / 30 September 1988
Heats
Repechages
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Olaf Heukrodt | GDR | 1:56.42 |
| 2 | Mikhail Slivinskii | URS | 1:57.26 |
| 3 | Martin Marinov | BUL | 1:57.27 |
| 4 | Attila Szabo | HUN | 1:59.87 |
| 5 | Jan Pinczura | POL | 1:59.90 |
| 6 | Aurel Macarencu | ROU | 2:00.98 |
| 7 | Narciso Suarez | ESP | 2:01.33 |
| 8 | Petr Prochazka | TCH | 2:01.36 |
| 9 | Eric Jamieson | GBR | 2:02.27 |
| Semi-finals | |||
| 10 | Ivan Sabjan | YUG | 1:55.99 |
| 10 | Larry Cain | CAN | 1:56.24 |
| 10 | James Terrell | USA | 2:00.13 |
| 13 | Chang Young-Chul | KOR | 2:05.04 |
| 13 | Timo Gronlund | FIN | 2:04.82 |
| Repechages | |||
| 15 | Yasunobu Kanada | JPN | 2:06.31 |