| Date | 23 September 1988 |
|---|---|
| Location | Su-yeong-jang, Ol-lim-pik Gong-won, Seoul |
| Pos | Lane | Competitor | NOC | Time | |||
|---|---|---|---|---|---|---|---|
| 1 | 4 | Igor Majcen | 3:58.90 | ||||
| 2 | 5 | David Castro | 4:02.48 | ||||
| 3 | 6 | Ignacio Escamilla | 4:03.16 | ||||
| 4 | 3 | Carlos Romo | 4:04.02 | ||||
| 5 | 2 | Jeffrey Ong | 4:04.57 | ||||
| 6 | 7 | Ragnar Guðmundsson | 4:05.12 | ||||
| 7 | 1 | Yang Gam | 4:05.81 | ||||
| 8 | 8 | Gwon Sun-Geun | 4:08.02 |