Round 5 of the 1998 FIA Formula 3000 International Championship was held on the streets of Monte Carlo on 23 May 1998. Jason Watt started on pole position and Nick Heidfeld was the race winner. The race featured on the undercard of the 1998 Monaco Grand Prix.
Race Result
| Pos. | No. | Driver | Nationality | Team | Tyre | Laps | Race Time | Gap | Interval | Best Lap | Speed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 30 | Nick Heidfeld | Germany | West Competition Team | Avon | 50 | 1:18:04.955 | - | - | 1:32.172 | 129.363 |
| 2 | 12 | Gonzalo Rodríguez | Uruguay | Team Astromega | Avon | 50 | 1:18:08.817 | +3.862 | +3.862 | 1:32.333 | 129.256 |
| 3 | 7 | Jamie Davies | Great Britain | DAMS | Avon | 50 | 1:18:24.466 | +19.511 | +15.649 | 1:32.538 | 128.826 |
| 4 | 28 | Stéphane Sarrazin | France | Apomatox | Avon | 50 | 1:18:31.562 | +26.607 | +7.096 | 1:32.689 | 128.632 |
| 5 | 23 | Kurt Mollekens | Belgium | KTR | Avon | 50 | 1:18:53.173 | +48.218 | +21.611 | 1:33.215 | 128.045 |
| 6 | 1 | Juan Pablo Montoya | Colombia | Super Nova Racing | Avon | 50 | 1:19:16.516 | +1:11.561 | +23.343 | 1:31.602 | 127.416 |
| 7 | 19 | Rui Águas | Portugal | Scuderia Coloni | Avon | 50 | 1:19:16.879 | +1:11.924 | +0.363 | 1:33.738 | 127.407 |
| 8 | 9 | Dino Morelli | Great Britain | Auto Sport Racing | Avon | 50 | 1:19:17.520 | +1:12.565 | +0.641 | 1:33.542 | 127.389 |
| 9 | 31 | Nicolas Minassian | France | West Competition Team | Avon | 50 | 1:19:32.485 | +1:27.530 | +14.965 | 1:33.516 | 126.990 |
| 10 | 33 | Dominik Schwager | Germany | Oreca | Avon | 50 | 1:19:40.176 | +1:35.221 | +7.691 | 1:33.835 | 126.786 |
| 11 | 17 | Brian Smith | Argentina | Nordic Racing | Avon | 49 | 1 lap | 1 lap | 1:33.835 | ||
| 12 | 11 | Gaston Mazzacane | Argentina | Team Astromega | Avon | 49 | 1 lap | 1:34.026 | |||
| 13 | 15 | Giovanni Montanari | Italy | International Draco Racing | Avon | 49 | 1 lap | 1:33.660 | |||
| 14 | 6 | Werner Lupberger | South Africa | Edenbridge Racing | Avon | 49 | 1 lap | 1:33.638 | |||
| 15 | 36 | Cyrille Sauvage | France | GP Racing | Avon | 49 | 1 lap | 1:33.833 | |||
| 16 | 22 | Christian Horner | Great Britain | Arden International | Avon | 49 | 1 lap | 1:34.271 | |||
| 17 | 4 | Gareth Rees | Great Britain | Super Nova Racing | Avon | 48 | 2 laps | 1 lap | 1:33.273 | ||
| 18 | 35 | Paolo Ruberti | Italy | Prema Racing | Avon | 48 | 2 laps | 1:33.022 | |||
| DNF | 38 | Fabrizio Gollin | Italy | Elide Racing | Avon | 44 | 1:33.906 | ||||
| DNF | 29 | Marcelo Battistuzzi | Brazil | Apomatox | Avon | 43 | 1:34.384 | ||||
| DNF | 3 | Jason Watt | Denmark | Super Nova Racing | Avon | 40 | 1:32.094 | ||||
| DNF | 14 | Bruno Junqueira | Brazil | International Draco Racing | Avon | 29 | 1:33.574 | ||||
| DNF | 20 | Bertrand Godin | Canada | Durango Racing Team | Avon | 20 | 1:34.299 | ||||
| DNF | 32 | Alex Müller | Germany | Oreca | Avon | 18 | 1:34.006 | ||||
| DNF | 2 | Boris Derichebourg | France | Super Nova Racing | Avon | 17 | 1:33.726 | ||||
| DNF | 34 | André Couto | Portugal | Prema Racing | Avon | 16 | 1:33.182 |