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Flash!! Phelps Smashes American Record, Swims Second Fastest 200 IM Ever -- August 12, 2002 Michael Phelps receives congratulatory hug from Swimming World assistant, Becky Deary after setting American record in the 200 IM (2002 LCM Nationals)

By Phillip Whitten

Fort Lauderdale, Aug. 12. Seventeen year-old Michael Phelps smashed Tom Dolan's American record in the 200m Individual Medley tonight, touching in 1:58.68. Dolan's mark was 1:59.77, swum at the 2000 Sydney Olympics, where he won silver.

Phelps' effort was the third fastest time in history. The world record stands at 1:58.16, set by Finland's Jani Sievinen at the 1994 World Championships in Rome and Sievinen's 1:58.61 in 1995.