| First Team |
| Position | Player | Team |
| Forward | Tim Duncan | San Antonio |
| Forward | Tracy McGrady | Orlando |
| Center | Shaquille O'Neal | LA Lakers |
| Guard | Jason Kidd | New Jersey |
| Guard | Kobe Bryant | LA Lakers |
| Second Team |
| Position | Player | Team |
| Forward | Kevin Garnett | Minnesota |
| Forward | Chris Webber | Sacramento |
| Center | Dirk Nowitzki | Dallas |
| Guard | Gary Payton | Seattle |
| Guard | Allen Iverson | Philadelphia |
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