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Melbourne Australia 8 March 1998
Previous Winners
| POS |
NO |
Driver |
Team |
Model |
Engine |
Type |
Laps |
Time/Reason |
Grid |
Row |
| 1 | 8 | Mika HÄKKINEN | McLaren | MP4/13 | Mercedes-Benz | FO110K | 58 | 1h 31m 46.0s | 1 | 1 |
| 2 | 7 | David COULTHARD | McLaren | MP4/13 | Mercedes-Benz | FO110K | 58 | 1h 31m 46.700s | 2 | 1 |
| 3 | 2 | Heinz-Harald FRENTZEN | WILLIAMS | FW20 | Mecachrome | V10 | 57 | - | 6 | 3 |
| 4 | 4 | Eddie IRVINE | Ferrari | F300 | Ferrari | 050 | 57 | - | 8 | 4 |
| 5 | 1 | Jacques VILLENEUVE | WILLIAMS | FW20 | Mecachrome | V10 | 57 | - | 4 | 2 |
| 6 | 15 | Johnny HERBERT | SAUBER | C17 | Sauber Petronas | 01A | 57 | - | 5 | 3 |
| 7 | 6 | Alexander WURZ | BENETTON | B198 | Playlife | V10 | 57 | - | 11 | 6 |
| 8 | 9 | Damon HILL | JORDAN | 198 | Mugen Honda | V10 | 57 | - | 10 | 5 |
| 9 | 11 | Olivier PANIS | PROST | AP01 | Peugeot | V10 | 57 | - | 21 | 11 |
| r | 5 | Giancarlo FISICHELLA | BENETTON | B198 | Playlife | V10 | 43 | rear wing support | 7 | 4 |
| r | 14 | Jean ALESI | SAUBER | C17 | Sauber Petronas | 01A | 41 | engine | 12 | 6 |
| r | 12 | Jarno TRULLI | PROST | AP01 | Peugeot | V10 | 26 | gearbox | 15 | 8 |
| r | 20 | Ricardo ROSSET | TYRRELL | 026 | Ford Cosworth | V10 | 25 | gearbox | 19 | 10 |
| r | 17 | Mika SALO | ARROWS | A19 | Arrows | V10 | 23 | gearbox | 16 | 8 |
| r | 23 | Esteban TUERO | MINARDI | M198 | Ford Cosworth | V10 | 22 | engine | 17 | 9 |
| r | 22 | Shinji NAKANO | MINARDI | M198 | Ford Cosworth | V10 | 8 | cv joint | 22 | 11 |
| r | 3 | Michael SCHUMACHER | Ferrari | F300 | Ferrari | 050 | 5 | engine | 3 | 2 |
| r | 16 | Pedro DINIZ | ARROWS | A19 | Arrows | V10 | 2 | gearbox hydraulics | 20 | 10 |
| r | 10 | Ralf SCHUMACHER | JORDAN | 198 | Mugen Honda | V10 | 1 | accident | 9 | 5 |
| r | 21 | Tora TAKAGI | TYRRELL | 026 | Ford Cosworth | V10 | 1 | spin | 13 | 7 |
| r | 19 | Jan MAGNUSSEN | STEWART | SF-2 | Ford Cosworth | V10 | 1 | accident | 18 | 9 |
| r | 18 | Rubens BARRICHELLO | STEWART | SF-2 | Ford Cosworth | V10 | 0 | gearbox | 14 | 7 |
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