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Date: 24 July 1996 / 26 July 1996
Quarter-finals
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Andrea Collinelli | ITA | 4:20.89 |
| 2 | Philippe Ermenault | FRA | 4:22.71 |
| Semi-finals | |||
| 3 | Brad McGee | AUS | 4:26.12 |
| 4 | Aleksey Markov | RUS | 4:26.82 |
| Quarter-finals | |||
| 5 | Juan Martinez | ESP | 4:28.31 |
| 6 | Heiko Szonn | GER | 4:31.58 |
| 7 | Andriy Yatsenko | UKR | |
| 8 | Walter Perez | ARG | |
| Heats | |||
| 9 | Kent Bostick | USA | 4:33.01 |
| 10 | Arturas Kasputis | LTU | 4:33.75 |
| 11 | Graeme Obree | GBR | 4:34.30 |
| 12 | Robert Karsnicki | POL | 4:35.19 |
| 13 | Gary Anderson | NZL | 4:36.92 |
| 14 | Vadim Kravchenko | KAZ | 4:37.21 |
| 15 | David George | RSA | 4:39.53 |
| 16 | Phillip Collins | IRL | 4:41.21 |
| 17 | Jukka Heinikainen | FIN | |
| 17 | Peter Pieters | NED | |