Andre Agassi and Jennifer Capriati were the defending champions. Agassi, chose to withdraw from the tournament due to wrist injury. Thomas Johansson won his first Grand Slam title, while Capriati successfully defended her title defeating three-time champion Martina Hingis in the final.
Kia Motors began its sponsorship of the Australian Open in this season replacing Ford.
Thomas Johansson defeated Marat Safin, 3–6, 6–4, 6–4, 7–6(7–4)
It was Johansson's 1st title of the year, and his 7th overall. It was his 1st (and only) career Grand Slam title.
Women's singles
Jennifer Capriati defeated Martina Hingis, 4–6, 7–6(9–7), 6–2
It was Capriati's 1st title of the year, and her 13th overall. It was her 3rd (and last) career Grand Slam title, and her 2nd Australian Open title.
Men's doubles
Mark Knowles / Daniel Nestor defeated Michaël Llodra / Fabrice Santoro, 7–6, 6–3
Note: This is the very first time where in men's doubles, a team only needs to win two sets to win a match. Previously, teams required to win three sets to win a match.
Women's doubles
Martina Hingis / Anna Kournikova defeated Daniela Hantuchová / Arantxa Sánchez Vicario, 6–2, 6–7(4–7), 6–1
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