Race Result
| GP n. 620 - 24/05/1998 - Grand Prix of Monaco Circuit de Monte Carlo |
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| Winner: | Mika Hakkinen / McLaren-Mercedes - 1:51'23.595 | ||||||
| Pole Position: | Mika Hakkinen / McLaren-Mercedes - 1:19.798 | ||||||
| Fastest Lap: | Mika Hakkinen / McLaren-Mercedes - 1:22.948 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 8 |  Mika Hakkinen |
McLaren-Mercedes | 78 | 1:51'23.595 | 1 | 10 |
| 2 | 5 |  Giancarlo Fisichella |
Benetton-Playlife | 78 | +11.475 | 3 | 6 |
| 3 | 4 |  Eddie Irvine |
Ferrari | 78 | +41.378 | 7 | 4 |
| 4 | 17 | Mika Salo |
Arrows | 78 | +1'00.363 | 8 | 3 |
| 5 | 1 |  Jacques Villeneuve |
Williams-Mecachrome | 77 | +1 lap | 13 | 2 |
| 6 | 16 |  Pedro Diniz |
Arrows | 77 | +1 lap | 12 | 1 |
| 7 | 15 | Johnny Herbert |
Sauber-Petronas | 77 | +1 lap | 9 | 0 |
| 8 | 9 | Damon Hill |
Jordan-Mugen-Honda | 76 | +2 laps | 15 | 0 |
| 9 | 22 |  Shinji Nakano |
Minardi-Ford | 76 | +2 laps | 19 | 0 |
| 10 | 3 |  Michael Schumacher |
Ferrari | 76 | +2 laps | 4 | 0 |
| 11 | 21 | Toranosuke Takagi |
Tyrrell-Ford | 76 | +2 laps | 20 | 0 |
| 12 | 14 |  Jean Alesi |
Sauber-Petronas | 72 | gearbox | 11 | 0 |
| Ret | 12 | Jarno Trulli |
Prost-Peugeot | 56 | gearbox | 10 | 0 |
| Ret | 11 | Olivier Panis |
Prost-Peugeot | 49 | wheel | 18 | 0 |
| Ret | 10 | Ralf Schumacher |
Jordan-Mugen-Honda | 44 | suspension | 16 | 0 |
| Ret | 6 |  Alexander Wurz |
Benetton-Playlife | 42 | spun off | 6 | 0 |
| Ret | 19 |  Jan Magnussen |
Stewart-Ford | 30 | suspension | 17 | 0 |
| Ret | 7 | David Coulthard |
McLaren-Mercedes | 17 | engine | 2 | 0 |
| Ret | 18 | Rubens Barrichello |
Stewart-Ford | 11 | suspension | 14 | 0 |
| Ret | 2 | Heinz-Harald Frentzen |
Williams-Mecachrome | 5 | collision | 5 | 0 |
| Ret | 23 |  Esteban Tuero |
Minardi-Ford | 0 | spun off | 21 | 0 |
| Dnq | 20 | Ricardo Rosset |
Tyrrell-Ford | did not qualify | 0 | ||