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Date: 23 February 1994
| Rank | Name | Nation | Time |
| 1 | Bonnie Blair | USA | 1:18.74 |
| 2 | Anke Baier | GER | 1:20.12 |
| 3 | Ye Qiaobo | CHN | 1:20.22 |
| 4 | Franziska Schenk | GER | 1:20.25 |
| 5 | Monique Garbrecht | GER | 1:20.32 |
| 6 | Shiho Kusunose | JPN | 1:20.37 |
| 7 | Emese Hunyady | AUT | 1:20.42 |
| 8 | Susan Auch | CAN | 1:20.72 |
| 9 | Oksana Ravylova | RUS | 1:20.82 |
| 10 | Nataliya Polozkova | RUS | 1:20.84 |
| 11 | Svetlana Fedotkina | RUS | 1:20.89 |
| 12 | Angela Hauck | GER | 1:20.93 |
| 12 | Xue Ruihong | CHN | 1:20.93 |
| 14 | Annamarie Thomas | NED | 1:20.94 |
| 15 | Yu Seon-Hui | KOR | 1:21.40 |
| 16 | Jin Hua | CHN | 1:21.48 |
| 17 | Mihaela Dascălu | ROU | 1:21.94 |
| 18 | Kyoko Shimazaki | JPN | 1:21.96 |
| 19 | Catriona Lemay | CAN | 1:21.98 |
| 20 | Christine Aaftink | NED | 1:22.16 |
| 21 | Seiko Hashimoto | JPN | 1:22.31 |
| 22 | Emese Antal | AUT | 1:22.34 |
| 23 | Chris Witty | USA | 1:22.42 |
| 24 | Michelle Kline | USA | 1:22.44 |
| 24 | Svetlana Boyarkina | RUS | 1:22.44 |
| 26 | Edel Therese Høiseth | NOR | 1:22.98 |
| 27 | Mayumi Yamamoto | JPN | 1:23.15 |
| 28 | Cerasela Hordobeţiu | ROU | 1:23.19 |
| 28 | Ingrid Liepa | CAN | 1:23.19 |
| 30 | Yang Chunyuan | CHN | 1:23.27 |
| 31 | Chantal Bailey | USA | 1:23.52 |
| 32 | Gang Mi-Yeong | KOR | 1:24.19 |
| 33 | Michelle Morton | CAN | 1:24.41 |
| 34 | Krisztina Egyed | HUN | 1:24.71 |
| 35 | Cheon Hui-Ju | KOR | 1:25.67 |
| 36 | Jeong Bae-Yeong | KOR | 1:25.93 |