A draw by Anna Zatonskih against Zhao Xue gave the Americans a 2–1 win over the Chinese team. In rounds eleven and twelve, China drew Hungary and lost to Georgia, whilst the US team defeated Slovakia and then scored a 2½-½ victory over Hungary, drawing within three points of China with two rounds remaining. China, though, defeated sixth-seed India and 12th-seed Slovakia in the final two rounds, scoring four points to preserve what was ultimately a three-point win and to clinch the Vera Menchik Trophy for a fourth consecutive time. Second-seed Russia were led by Nadezhda Kosintseva, who won top honours on the first reserve board for scoring 10 points in 12 rounds. The Russians were only in eighth place after ten rounds but had advanced to fourth place entering the penultimate round, where they faced Georgia, who they trailed by half a point. Although first board Maya Chiburdanidze (ex-World Champion) and second board Nana Dzagnidze, who both scored 8½ points for their team over the event, drew their matches, third board Lela Javakhishvili lost to Kosintseva, giving the Russian team a half-point lead over Georgia; although Georgia defeated Ukraine 2½-½ in the final round, Russia managed to secure two points against France, equalling Georgia's total and winning the bronze medals on tie-breaks. Newly crowned World Champion Antoaneta Stefanova disappointed as captain of the Bulgarian team, scoring only 5½ points in 11 games. Bulgaria eventually finished in 14th place. {| class="wikitable" ! # !! Country !! Players !! Averagerating !! Points !! Buchholz |- | style="background:gold;"|1 || || Xie Jun, Xu Yuhua, Zhao Xue, Huang Qian || 2514 || 31 || |- | style="background:silver;"|2 || || Polgar, Krush, Zatonskih, Shahade || 2490 || 28 || |- | style="background:#cc9966;"|3 || || Kosteniuk, T. Kosintseva, Kovalevskaya, N. Kosintseva || 2491 || 27½ || 346.0 |- | 4 || || Chiburdanidze, Dzagnidze, Javakhishvili, Lomineishvili || 2470 || 27½ || 339.0 |- | 5 || || Skripchenko, Marie Sebag, Silvia Collas, Sophie Milliet || 2417 || 25½ || |- | 6 || || Mádl, Vajda, Gara, Lakos || 2376 || 25 || 348.5 |- | 7 || || Repkova, Pokorná, Hagarova, Borošová || 2377 || 25 || 337.0 |- | 8 || || Hunt, Houska, Richards, Buckley || 2293 || 25 || 334.5 |- | 9 || || Humpy Koneru, Subbaraman Vijayalakshmi, Dronavalli Harika, Nisha Mohota || 2435 || 24½ || 352.0 |- |