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Summary
| Rank | Name | Nation | Time |
| 1 | Svetlana Masterkova | RUS | 4:00.83 |
| 2 | Gabriela Szabo | ROU | 4:01.54 |
| 3 | Theresia Kiesl | AUT | 4:03.02 |
| 4 | Leah Pells | CAN | 4:03.56 |
| 5 | Margaret Crowley | AUS | 4:03.79 |
| 6 | Carla Sacramento | POR | 4:03.91 |
| 7 | Lyudmila Borisova | RUS | 4:05.90 |
| 8 | Malgorzata Rydz | POL | 4:05.92 |
| 9 | Gwen Griffiths | RSA | 4:06.33 |
| 10 | Regina Jacobs | USA | 4:07.21 |
| 11 | Kelly Holmes | GBR | 4:07.46 |
| 12 | Anna Brzezinska | POL | 4:08.27 |
| Did not start | |||
| Naomi Mugo | KEN | ||