Round 2 of the 1999 FIA Formula 3000 International Championship was held on the streets of Monte Carlo on 15 May 1999. Nick Heidfeld started on pole position and Gonzalo Rodríguez was the race winner. The race featured on the undercard of the 1999 Monaco Grand Prix.
Race Result
| Pos. | No. | Driver | Nationality | Team | Tyre | Laps | Race Time | Gap | Interval | Best Lap | Lap | Speed |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 8 | Gonzalo Rodríguez | Uruguay | Team Astromega | Avon | 50 | 1:18:22.018 | - | - | 1:31.358 | 17 | 128.893 |
| 2 | 2 | Jason Watt | Denmark | Super Nova Racing Limited | Avon | 50 | 1:19:02.112 | +40.094 | +40.094 | 1:32.066 | 16 | 127.803 |
| 3 | 5 | Max Wilson | Brazil | Petrobras Junior Team | Avon | 50 | 1:19:05.281 | +43.263 | +3.169 | 1:31.997 | 22 | 127.718 |
| 4 | 17 | Oliver Gavin | Great Britain | Edenbridge Racing | Avon | 50 | 1:19:10.529 | +48.511 | +5.248 | 1:32.336 | 19 | 127.577 |
| 5 | 35 | Norberto Fontana | Argentina | Fortec Motorsport Limited | Avon | 50 | 1:19:16.191 | +54.173 | +5.662 | 1:31.829 | 40 | 127.425 |
| 6 | 6 | Bruno Junqueira | Brazil | Petrobras Junior Team | Avon | 50 | 1:19:17.433 | +55.415 | +1.242 | 1:31.991 | 36 | 127.392 |
| 7 | 3 | Nick Heidfeld | Germany | West Competition Team | Avon | 50 | 1:19:18.178 | +56.160 | +0.745 | 1:31.325 | 16 | 127.372 |
| 8 | 20 | David Terrien | France | DAMS | Avon | 50 | 1:19:44.860 | +1:22.842 | +26.682 | 1:33.308 | 18 | 126.662 |
| 9 | 19 | Franck Montagny | France | DAMS | Avon | 50 | 1:19:45.011 | +1:22.993 | +0.151 | 1:33.000 | 14 | 126.658 |
| 10 | 46 | Jeff van Hooydonk | Belgium | Witmeur Team KTR | Avon | 50 | 1:19:45.761 | +1:23.743 | +0.750 | 1:33.241 | 19 | 126.638 |
| 11 | 32 | Fabrizio Gollin | Italy | GP Racing | Avon | 50 | 1:19:47.121 | +1:25.103 | +1.360 | 1:33.294 | 16 | 126.602 |
| 12 | 42 | Marcelo Battistuzzi | Brazil | Portman Arrows | Avon | 50 | 1:19:48.086 | +1:26.068 | +0.965 | 1:32.965 | 22 | 126.576 |
| 13 | 18 | Jamie Davies | Great Britain | Edenbridge Racing | Avon | 50 | 1:19:48.493 | +1:26.475 | +0.407 | 1:31.982 | 40 | 126.565 |
| 14 | 10 | Stéphane Sarrazin | France | Gauloises Formula | Avon | 49 | 1:18:36.314 | +14.296 | 1 lap | 1:30.640 | 47 | 125.932 |
| 15 | 39 | Enrique Bernoldi | Brazil | Red Bull Junior Team | Avon | 49 | 1:19:14.287 | +52.269 | +37.973 | 1:31.533 | 33 | 124.926 |
| 16 | 47 | Nicolas Minassian | France | Kid Jensen Racing | Avon | 45 | 1:11:10.632 | 5 laps | 4 laps | 1:32.183 | 9 | 127.722 |
| DNF | 24 | Soheil Ayari | France | CICA Team Oreca | Avon | 43 | 1:08:50.958 | 1:33.047 | 22 | 126.172 | ||
| DNF | 30 | Oliver Martini | Italy | Draco Engineering Srl | Avon | 40 | 1:03:16.886 | 1:31.961 | 24 | 127.696 | ||
| DNF | 11 | Paolo Ruberti | Italy | Durango Formula | Avon | 38 | 1:02:34.575 | 1:31.835 | 24 | 122.678 | ||
| DNF | 41 | Boris Derichebourg | France | Portman Arrows | Avon | 29 | 45:39.711 | 1:32.708 | 13 | 128.303 | ||
| DNF | 1 | Ricardo Maurício | Brazil | Super Nova Racing Limited | Avon | 12 | 20:18.337 | 1:33.536 | 12 | 119.387 | ||
| DNF | 7 | Justin Wilson | Great Britain | Team Astromega | Avon | 12 | 20:15.186 | 1:33.479 | 11 | 119.697 | ||
| DNF | 38 | Brian Smith | Argentina | Monaco Motorsport | Avon | |||||||
| DNS | 45 | Bas Leinders | Belgium | Witmeur Team KTR | Avon | |||||||
| DNF | 48 | Andrea Piccini | Italy | Kid Jensen Racing | Avon |