1998 FAI 1000
The 1998 FAI 1000 Classic was the second running of the Australia 1000 race, first held after the organisational split over the Bathurst 1000 the previous year. It was the 41st race that traces its lineage back to the 1960 Armstrong 500 held at Phillip Island. 1998 was the 36th year in which a touring car endurance race had been held at the Mount Panorama Circuit.
The event, which was contested by V8 Supercars, was held on 15 November 1998 at the Mount Panorama Circuit just outside Bathurst.
Top ten shootout
- Mark Skaife became the first driver to lap a touring car around the 6.213 km Mount Panorama Circuit in under 2 minutes and 10 seconds. Skaife qualified his Holden Racing Team VT Commodore in 2:09.8945. His time was 2.93 seconds faster than his own time set in the twin-turbo, 4WD Nissan Skyline R32 GT-R in 1991, the fastest Group A time on The Mountain, and 3.96 seconds faster than George Fury's, Group C time in 1984 in a Nissan Bluebird Turbo on the old 6.172 km circuit.
- Greg Murphy did not take part in the Top 10 shootout after badly damaging his car in a crash during Friday practice.
Official results
| Pos | Class | No | Team | Drivers | Car | Laps | Qual Pos | Shootout Pos |
| 1 | OC | 4 | Stone Brothers Racing |  Jason Bright Steven Richards | Ford EL Falcon | 161 | 15 | |
| 2 | OC | 11 | Perkins Engineering | Larry Perkins Russell Ingall | Holden VT Commodore | 161 | 9 | 9 |
| 3 | OC | 35 | Garry Rogers Motorsport | Jason Bargwanna Jim Richards | Holden VS Commodore | 161 | 6 | 8 |
| 4 | OC | 10 | Stone Brothers Racing | Mark Larkham Brad Jones | Ford EL Falcon | 161 | 4 | 4 |
| 5 | OC | 5 | Glenn Seton Racing | Glenn Seton Neil Crompton | Ford EL Falcon | 160 | 1 | 3 |
| 6 | OC | 1 | Holden Racing Team | Craig Lowndes Mark Skaife | Holden VT Commodore | 159 | 3 | 1 |
| 7 | OC | 7 | Gibson Motorsport | Darren Hossack Darren Pate | Holden VS Commodore | 158 | 20 | |
| 8 | OC | 25 | Longhurst Racing | Tony Longhurst Geoff Brabham | Ford EL Falcon | 157 | 2 | 2 |
| 9 | OC | 43 | Paul Weel Racing | Paul Weel Neal Bates | Ford EL Falcon | 155 | 22 | |
| 10 | CT | 44 | Mal Rose Racing | Mal Rose Allan McCarthy | Holden VS Commodore | 154 | 27 | |
| 11 | OC | 16 | Perkins Engineering | Melinda Price Kerryn Brewer | Holden VS Commodore | 151 | 33 | |
| 12 | OC | 24 | Romano Racing | Paul Romano Steven Ellery | Holden VS Commodore | 151 | 17 | |
| 13 | OC | 96 | Wayne Gardner Racing | Wayne Gardner Paul Stokell | Holden VS Commodore | 149 | 7 | 7 |
| 14 | CT | 23 | NHP Electrical Engineering | Ray Hislop Tim Briggs | Ford EF Falcon | 147 | 36 | |
| 15 | OC | 37 | Scotty Taylor Racing | Alan 'Scotty' Taylor Bill Attard Stephen Bell | Holden VS Commodore | 146 | 42 | |
| 16 | CT | 48 | Rod Smith Racing | D'arcy Russell Rod Wilson | Holden VS Commodore | 144 | 41 | |
| 17 | CT | 79 | Oamps Insurance | Mike Conway Chris Hones | Ford EL Falcon | 144 | 32 | |
| 18 | CT | 26 | M3 Motorsport | Peter Doulman John Cotter | Holden VS Commodore | 141 | 24 | |
| 19 | CT | 45 | Union Steel | Shane Beikoff Shane Cruikshank Andy Lloyd | Holden VS Commodore | 134 | 44 | |
| 20 | CT | 14 | Imrie Motorsport | Mike Imrie Rodney Crick | Holden VS Commodore | 122 | 29 | |
| DNF | OC | 27 | Terry Finnigan | Terry Finnigan Peter Gazzard | Holden VS Commodore | 136 | 14 | |
| DNF | OC | 46 | John Faulkner Racing | John Faulkner Todd Kelly | Holden VS Commodore | 136 | 8 | 5 |
| DNF | CT | 3 | Lansvale Racing Team | Steve Reed Trevor Ashby | Holden VS Commodore | 131 | 23 | |
| DNF | CT | 20 | Palmer Promotions | Ian Palmer Darren Palmer Domenic Beninca | Holden VS Commodore | 121 | 38 | |
| DNF | OC | 22 | Colourscan Motorsport | Danny Osborne Brett Peters | Ford EL Falcon | 115 | 31 | |
| DNF | CT | 54 | Simons Earthworks | Simon Emerzidis Garry Willmington | Ford EL Falcon | 101 | 26 | |
| DNF | CT | 36 | Gearbox Motorsport | Neil Schembri Gary Quartly | Holden VS Commodore | 100 | 40 | |
| DNF | OC | 50 | Holden Racing Team | Greg Murphy Mark Noske | Holden VT Commodore | 86 | 5 | DNS |
| DNF | CT | 60 | Pretty Motorsport | Nathan Pretty Nicole Pretty Grant Johnson | Holden VS Commodore | 85 | 39 | |
| DNF | OC | 18 | Dick Johnson Racing | John Bowe Cameron McConville | Ford EL Falcon | 80 | 10 | 6 |
| DNF | OC | 17 | Dick Johnson Racing | Dick Johnson Steven Johnson | Ford EL Falcon | 60 | 12 | |
| DNF | CT | 39 | Chris Smerdon | Chris Smerdon Charlie Cox | Holden VS Commodore | 60 | 30 | |
| DNF | OC | 9 | Longhurst Racing | Alan Jones Adam Macrow | Ford EL Falcon | 58 | 11 | |
| DNF | OC | 2 | Gibson Motorsport | David 'Skippy' Parsons Simon Wills | Holden VS Commodore | 57 | 18 | |
| DNF | CT | 72 | Robert Smith | Robert Smith David 'Truckie' Parsons | Holden VS Commodore | 56 | 28 | |
| DNF | CT | 134 | Power Racing | Alan Heath Ken Douglas | Ford EL Falcon | 54 | 34 | |
| DNF | OC | 34 | Garry Rogers Motorsport | Garth Tander Cameron McLean | Holden VS Commodore | 49 | 13 | |
| DNF | CT | 77 | A.R.D.C. | Richard Mork Bill Sieders | Holden VR Commodore | 48 | 45 | |
| DNF | OC | 75 | Paul Little Racing | Anthony Tratt Bob Jones Garry Waldon | Ford EL Falcon | 47 | 25 | |
| DNF | OC | 28 | Playscape Racing | Mark McLaughlin Ashley Stichbury Kevin Waldock | Ford EL Falcon | 40 | 35 | |
| DNF | OC | 38 | James Rosenberg Racing | Mark Poole Tony Scott | Holden VS Commodore | 34 | 21 | |
| DNF | CT | 55 | Rod Nash Racing | Rod Nash Darren Edwards | Holden VS Commodore | 9 | 43 | |
| DNF | OC | 32 | Plaspack Racing - Denistron | Tomas Mezera Alain Menu | Holden VT Commodore | 0 | 19 | |
| DSQ | OC | 49 | Greg Crick Motorsport | Greg Crick Dean Crosswell | Holden VS Commodore | 151 | 17 | |
| DNS | CT | 99 | Clive Wiseman Racing | Mick Donaher Dean Lindstrom | Holden VS Commodore | 37 |
Statistics
- Provisional Position - #5 Glenn Seton - 2:11.4634
- Pole Position - #1 Mark Skaife - 2:09.8945
- Fastest Lap - #1 Craig Lowndes - 2:12.7771
- Average Speed - 149 km/h