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Date: 4 August 1948 / 6 August 1948
Heats
Final
| Rank | Name | Nation | Time |
| 1 | Henry Eriksson | SWE | 3:49.8 |
| 2 | Lennart Strand | SWE | 3:50.4 |
| 3 | Willem Slijkhuis | NED | 3:50.4 |
| 4 | Vaclav Cevona | TCH | 3:51.2 |
| 5 | Gosta Bergkvist | SWE | 3:52.2 |
| 6 | William Nankeville | GBR | 3:52.6 |
| 7 | Sandor Garay | HUN | |
| 8 | Erik Jorgensen | DEN | |
| 9 | Josef Barthel | LUX | |
| 10 | Donald Gehrmann | USA | |
| 11 | Marcel Hansenne | FRA | |
| 12 | Denis Johansson | FIN | |
| Heats | |||
| 13 | Ronald Sink | USA | 3:53.2 |
| 14 | James Hutchins | CAN | 3:54.4 |
| 15 | Kaare Vefling | NOR | 3:54.6 |
| 16 | Douglas Wilson | GBR | 3:54.8 |
| 17 | Frits de Ruyter | NED | 3:55.2 |
| 18 | Richard Morris | GBR | 3:55.8 |
| 19 | Jacques Vernier | FRA | 3:57.6 |
| 20 | Olavi Luoto | FIN | 3:58.0 |
| 21 | Henri Klein | FRA | 3:59.8 |
| 22 | Clem Eischen | USA | 4:00.2 |
| 23 | Melchor Palmeiro | ARG | 4:01.6 |
| 24 | Oskar Jonsson | ISL | 4:03.2 |
| 25 | Cahit Onel | TUR | |
| 25 | Vasilios Mavroidis | GRE | |
| 25 | Riza Ishman | TUR | |
| 25 | Ingvard Nielsen | DEN | |
| 29 | John Barry | IRL | |
| 29 | Juan Adarraga | ESP | |
| 29 | Karl-Heinz Hubler | SUI | |
| 32 | Clifford Salmond | CAN | |
| 32 | Wilfred Tull | TTO | |
| 32 | Lee Yun-Suk | KOR | |
| 35 | Antero Mongrut | PER | |
| Did not finish | |||
| Bill Parnell | CAN | ||
| Daniel Poyan Diaz | ESP | ||