Race

Gil de Ferran took pole in qualifying by a considerable margin, but his lead did not last long as Dario Franchitti passed him at Turn 3 on the first lap. It was a lead which he did not relinquish. De Ferran ran second and Jimmy Vasser third early on. By lap 11, Helio Castroneves was out with a small engine fire. At about the same time, Michael Andretti ran into the back of Greg Moore pushing them both into the runoff area at turn 3, forcing Andretti to retire with suspension damage. The combination of incidents brought out a full course caution and the first round of pitstops as some backmarkers looked to make up track position by using alternate pit strategies. At the restart on lap 17, Franchitti got a great jump and pulled away from de Ferran easily. Further back, Tony Kanaan passed Paul Tracy for fifth in turn 1 with Juan Pablo Montoya also looking for a way around Tracy. Tracy and Kanaan would continue to battle until Tracy successfully retook fifth position two laps later in turn 3. Bryan Herta spun with 76 laps to go, also in the third turn, but only drew a local yellow. He would rejoin the race two laps down. Shortly before the leaders first pitstops, Christian Fittipaldi passed Vasser for third place. The top ten running order on the 28th lap was Franchitti, de Ferran, Fittipaldi, Tracy, Vasser, Kanaan, season points leader Montoya, Patrick Carpentier, Memo Gidley, and Scott Pruett.

Jimmy Vasser was the first of the leaders to come in for a pitstop, as he felt his rear tires were too worn to continue. As he left the pits, the full course caution came out due to a turn one incident between Richie Hearn and Cristiano da Matta, which was caused by an over eager Hearn lunging for 13th position and put his left front tire into the side pod of da Matta. This left only a single lane for the field to go through. At this point, Montoya was given a penalty and sent to the back of the field for running over an airgun hose from the pitbox in front of his. After the first pitstop, Roberto Moreno ran second behind Franchitti by following an alternate strategy (he had pitted during the first full course caution), but it meant that he had to make his second stop earlier than others. After the restart, Greg Moore was spun by Al Unser Jr. in turn 3 which brought a full course caution back out. After the subsequent restart, Vasser had to pit again for what he thought was a cut tire, but turned out to be significant buildup from the rubber "marbles" that had worn off everyone's tires. The order on lap 42 was now Franchitti still out front, followed by Moreno, de Ferran, Mauricio Gugelmin (Moreno's teammate and on the same alternate strategy), P. J. Jones, Fittipaldi, Tracy, Robby Gordon, Kanaan, and Adrian Fernandez who'd steadily worked his way into the top ten. Scott Pruett and Max Papis rounded out the points paying positions. Montoya had made up four places to retake 15th position, while his teammate Vasser languished at the tail end of the lead lap.

By the 57th lap, Franchitti had pulled nearly nine seconds clear of second placed Moreno, running a green flag race average of 102.188mph. Both the PacWest cars of Moreno and Gugelmin would pit on this lap, giving up second and fourth places respectively. Polesitter de Ferran took second place during this exchange, but was 11.2 seconds behind Franchitti, with Fittipaldi another six seconds behind de Ferran. On lap 61, Montoya and Michel Jourdain Jr. got together in turn 4. The two tried to go side by side through 4, but Montoya pinched Jourdain into the concrete wall. Jourdain was turned by the wall into Montoya, who was launched a short distance through the air. Both cars ended up in the outside wall of turn 4 with suspension damage, race done.

Team Kool Green took advantage of the full course caution to bring in race leader Franchitti for a 12 second pitstop. Most of the other leaders, including de Ferran, Fittipaldi, and Franchitti's teammate Tracy, pitted as well. Tracy was able to get past Fittipaldi in the race to the pit exit line, putting him effectively third. De Ferran, however, clipped one of Fittipaldi's tires on his way out of the pits. He was sent to the back of the lead lap by CART officials. At the restart on lap 68, Tracy immediately passed Carpentier, who was second behind Franchitti, in Turn 1. Fittipaldi followed Tracy by Carpentier in turn 3, and Moreno also passed Carpentier in the same lap. While the lead cars strung out ahead, Max Papis and Tony Kanaan tried desperately to pass Carpentier, who was struggling with old tires. A short time later, Greg Moore retired with engine woes, while in the background, de Ferran locked up his brakes while trying to avoid a slow pack of cars entering turn 3. He spun and clipped the outside wall several times, ending his race.

At the restart, Fernandez took 6th place from Kanaan, but most other cars held station, as the marble buildup off racing line was becoming significant. With 8 laps to go, Franchitti was 2.7 seconds ahead of teammate Tracy, followed by Fittipaldi, Moreno, Papis, the charging Adrian Fernandez, Pruett, Kanaan, Gugelmin, and Unser Jr., who'd started 25th. The end of the race would see significant changes to the running order, however. In the final corner with three laps to go, Kanaan hit the wall and took himself out of the race. Gugelmin ended up in the runoff area at turn 3 and dropped from 9th to 14th. Jimmy Vasser moved from 12th to 8th in the final few laps to recover from what could have been a disastrous day. Franchitti and Tracy were unaffected by the action behind them, and delivered the first one-two finish for Team Kool Green in its history.

Race

Pos	No	Driver	Team	Laps	Time/Retired	Grid	Points
1	27	Dario Franchitti	Team Green	95	1:56:27.550	2	20+1
2	26	Paul Tracy	Team Green	95	+2.624	6	16
3	11	Christian Fittipaldi	Newman-Haas Racing	95	+6.987	5	14
4	18	Roberto Moreno	PacWest Racing	95	+10.735	17	12
5	7	Max Papis	Team Rahal	95	+15.480	18	10
6	40	Adrián Fernández	Patrick Racing	95	+22.903	23	8
7	24	Scott Pruett	Arciero-Wells Racing	95	+24.256	11	6
8	12	Jimmy Vasser	Chip Ganassi Racing	95	+33.394	4	5
9	2	Al Unser Jr.	Team Penske	95	+35.109	25	4
10	20	P. J. Jones	Patrick Racing	95	+36.015	20	3
11	33	Patrick Carpentier	Forsythe Racing	95	+36.478	12	2
12	15	Memo Gidley	Walker Racing	95	+42.111	15	1
13	22	Robby Gordon	Team Gordon	95	+48.163	22
14	17	Maurício Gugelmin	PacWest Racing	95	+51.827	16
15	8	Bryan Herta	Team Rahal	93	+2 Laps	9
16	10	Richie Hearn	Della Penna Motorsports	93	+2 Laps	21
17	44	Tony Kanaan	Forsythe Racing	92	Contact	7
18	71	Dennis Vitolo	Payton/Coyne Racing	82	Transmission	27
19	5	Gil de Ferran	Walker Racing	71	Contact	1	1
20	99	Greg Moore	Forsythe Racing	66	Cooling	10
21	19	Michel Jourdain Jr.	Payton/Coyne Racing	59	Contact	19
22	4	Juan Pablo Montoya	Chip Ganassi Racing	59	Contact	8
23	16	Shigeaki Hattori	Bettenhausen Racing	56	Spun off	26
24	25	Cristiano da Matta	Arciero-Wells Racing	29	Contact	13
25	36	Gualter Salles	All American Racing	25	Engine	24
26	6	Michael Andretti	Newman-Haas Racing	11	Contact	3
27	9	Hélio Castro-Neves	Hogan Racing	10	Transmission	14