Race Result
| GP n. 587 - 19/05/1996 - Grand Prix of Monaco Circuit de Monte Carlo |
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| Winner: | Olivier Panis / Ligier-Mugen-Honda - 2:00'45.629 | ||||||
| Pole Position: | Michael Schumacher / Ferrari - 1:20.356 | ||||||
| Fastest Lap: | Jean Alesi / Benetton-Renault - 1:25.205 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 9 |  Olivier Panis |
Ligier-Mugen-Honda | 75 | 2:00'45.629 | 14 | 10 |
| 2 | 8 |  David Coulthard |
McLaren-Mercedes | 75 | +4.828 | 5 | 6 |
| 3 | 14 | Johnny Herbert |
Sauber-Ford | 75 | +37.503 | 13 | 4 |
| 4 | 15 |  Heinz-Harald Frentzen |
Sauber-Ford | 74 | +1 lap | 9 | 3 |
| 5 | 19 |  Mika Salo |
Tyrrell-Yamaha | 70 | collision | 11 | 2 |
| 6 | 7 | Mika Hakkinen |
McLaren-Mercedes | 70 | collision | 8 | 1 |
| 7 | 2 | Eddie Irvine |
Ferrari | 68 | collision | 7 | 0 |
| Ret | 6 |  Jacques Villeneuve |
Williams-Renault | 68 | collision | 10 | 0 |
| Ret | 3 | Jean Alesi |
Benetton-Renault | 60 | suspension | 3 | 0 |
| Ret | 22 |  Luca Badoer |
Forti-Ford | 60 | collision | 21 | 0 |
| Ret | 5 | Damon Hill |
Williams-Renault | 40 | engine | 2 | 0 |
| Ret | 12 | Martin Brundle |
Jordan-Peugeot | 30 | spun off | 16 | 0 |
| Ret | 4 |  Gerhard Berger |
Benetton-Renault | 9 | gearbox | 4 | 0 |
| Ret | 10 |  Pedro Diniz |
Ligier-Mugen-Honda | 5 | transmission | 17 | 0 |
| Ret | 16 | Ricardo Rosset |
Footwork-Hart | 3 | spun off | 20 | 0 |
| Ret | 18 |  Ukyo Katayama |
Tyrrell-Yamaha | 2 | spun off | 15 | 0 |
| Ret | 1 | Michael Schumacher |
Ferrari | 0 | spun off | 1 | 0 |
| Ret | 17 |  Jos Verstappen |
Footwork-Hart | 0 | spun off | 12 | 0 |
| Ret | 11 | Rubens Barrichello |
Jordan-Peugeot | 0 | spun off | 6 | 0 |
| Ret | 20 |  Pedro Lamy |
Minardi-Ford | 0 | collision | 19 | 0 |
| Ret | 21 | Giancarlo Fisichella |
Minardi-Ford | 0 | collision | 18 | 0 |
| Dns | 23 | Andrea Montermini |
Forti-Ford | 0 | collision | 22 | 0 |