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Date: 26 September 1988 / 30 September 1988
Heats
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Vania Guecheva | BUL | 1:55.19 |
| 2 | Birgit Schmidt | GDR | 1:55.31 |
| 3 | Izabela Dylewska | POL | 1:57.38 |
| 4 | Rita Koban | HUN | 1:57.58 |
| 5 | Yvonne Knudsen | DEN | 1:58.80 |
| 6 | Traci Phillips | USA | 2:00.81 |
| 7 | Galina Savenko | URS | 2:00.88 |
| 8 | Agneta Andersson | SWE | 2:01.00 |
| 9 | Josefa Idem | FRG | 2:01.80 |
| Semi-finals | |||
| 10 | Maria Millauro | ARG | 2:11.07 |
| 10 | Hana Pleskacova | TCH | 1:59.95 |
| 10 | Inge Coeck | BEL | 2:02.74 |
| 13 | Susie Perrett | GBR | 2:04.95 |
| 13 | Kim Mi-Ja | KOR | 2:11.99 |
| 13 | Caroline Brunet | CAN | 2:08.34 |
| Did not start | |||
| Heats | |||
| Miyuki Kobayashi | JPN | ||