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Date: 19 February 1988
| Rank | Name | Nation | Time |
| 1 | Marina Kiehl | FRG | 1:25.86 |
| 2 | Brigitte Oertli | SUI | 1:26.61 |
| 3 | Karen Percy | CAN | 1:26.62 |
| 4 | Maria Walliser | SUI | 1:26.89 |
| 5 | Laurie Graham | CAN | 1:26.99 |
| 6 | Petra Kronberger | AUT | 1:27.03 |
| 7 | Regine Mösenlechner | FRG | 1:27.16 |
| 8 | Elisabeth Kirchler | AUT | 1:27.19 |
| 9 | Michela Figini | SUI | 1:27.26 |
| 10 | Lucia Medzihradská | TCH | 1:27.28 |
| 11 | Chantal Bournissen | SUI | 1:27.46 |
| 12 | Carole Merle | FRA | 1:27.53 |
| 13 | Michaela Gerg | FRG | 1:27.83 |
| 14 | Emi Kawabata | JPN | 1:27.85 |
| 15 | Kerrin Lee | CAN | 1:28.07 |
| 16 | Golnur Postnikova | URS | 1:28.23 |
| 17 | Claudine Emonet | FRA | 1:28.36 |
| 18 | Edith Thys | USA | 1:28.53 |
| 19 | Michaela Marzola | ITA | 1:28.69 |
| 20 | Kristin Krone | USA | 1:29.13 |
| 21 | Christina Meier | FRG | 1:29.30 |
| 22 | Wendy Lumby | GBR | 1:29.76 |
| 23 | Sachiko Yamamoto | JPN | 1:30.15 |
| 24 | Ludmila Milanová | TCH | 1:30.42 |
| 25 | Clare Booth | GBR | 1:32.50 |
| 26 | Jolanda Kindle | LIE | 1:32.88 |
| 27 | Carolina Eiras | ARG | 1:37.37 |
| 28 | Astrid Steverlynck | ARG | 1:41.64 |
| Did not finish | |||
| Mariela Vallecillo | ARG | ||
| Mihaela Fera | ROU | ||
| Jacqueline Vogt | LIE | ||
| Hilary Lindh | USA | ||
| Anita Wachter | AUT | ||
| Kellie Casey | CAN | ||
| Sigrid Wolf | AUT | ||
| Did not start | |||
| Ingrid Grant | GBR | ||
| Catherine Quittet | FRA | ||