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Date: 15 February 1992
| Rank | Name | Nation | Time |
| 1 | Kerrin Lee-Gartner | CAN | 1:52.55 |
| 2 | Hilary Lindh | USA | 1:52.61 |
| 3 | Veronika Wallinger | AUT | 1:52.64 |
| 4 | Katja Seizinger | GER | 1:52.67 |
| 5 | Petra Kronberger | AUT | 1:52.73 |
| 6 | Katrin Gutensohn | GER | 1:53.71 |
| 7 | Barbara Sadleder | AUT | 1:53.81 |
| 8 | Svetlana Gladysheva | EUN | 1:53.85 |
| 9 | Miriam Vogt | GER | 1:53.89 |
| 10 | Heidi Zurbriggen | SUI | 1:54.04 |
| 11 | Emi Kawabata | JPN | 1:54.52 |
| 12 | Krista Schmidinger | USA | 1:54.59 |
| 13 | Heidi Zeller | SUI | 1:54.73 |
| 13 | Carole Merle | FRA | 1:54.73 |
| 15 | Astrid Lødemel | NOR | 1:54.76 |
| 16 | Lucia Medzihradská | TCH | 1:54.78 |
| 17 | Régine Cavagnoud | FRA | 1:54.94 |
| 18 | Michaela Gerg | GER | 1:54.99 |
| 19 | Tatyana Lebedeva | EUN | 1:55.15 |
| 20 | Michelle McKendry | CAN | 1:55.61 |
| 21 | Marlis Spescha | SUI | 1:55.83 |
| 22 | Cathy Chedal | FRA | 1:55.91 |
| 23 | Marie-Pierre Gatel | FRA | 1:56.25 |
| 24 | Ludmila Milanová | TCH | 1:57.85 |
| 25 | Edith Thys | USA | 1:58.13 |
| 26 | Sachiko Yamamoto | JPN | 1:58.52 |
| 27 | Svetlana Novikova | EUN | 1:59.18 |
| 28 | Mihaela Fera | ROU | 2:01.27 |
| 29 | Carolina Eiras | ARG | 2:02.81 |
| Did not finish | |||
| Chantal Bournissen | SUI | ||
| Did not start | |||
| Varvara Zelenskaya | EUN | ||