| 1 Drop after 5 races |
| Optimist & P Handicap |
| Race 5 |
| Start: Sun 23 May 04 12:37:00 |
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| Points | Sail No | Boat | Helm | Elapsed | Handicap | Corrected | % To Win | Finishing Place | Comments | Points |
| 1 | 4028 | Supercalidocious | Emma Berry | 0:39:20 | 0.910 | 0:35:48 | 1 | 1 | ||
| 2 | 3926 | Jonno Hanns | 0:39:09 | 0.920 | 0:36:01 | 0.6% | 2 | 2 | ||
| 3 | 3970 | Port Start | Tim Coltman | 0:39:19 | 0.917 | 0:36:03 | 0.7% | 3 | 3 | |
| 4 | 19 | Ripped | Rowan Swanson | 0:37:27 | 0.971 | 0:36:22 | 1.6% | 4 | 4 | |
| 5 | 4027 | Yippeeee | Sarah Berry | 0:41:03 | 0.900 | 0:36:57 | 3.1% | 5 | 5 | |
| 6 | 3929 | Tail Strike | Fengi Lei | 0:42:08 | 0.895 | 0:37:43 | 5.1% | 6 | 6 | |
| 7 | 3658 | Major Danger | Scott Bulleyment | 0:51:26 | 0.843 | 0:43:21 | 17.4% | 7 | 7 | |
| 10 | 3964 | Let 'r Rip | Stacey Swanson | 0.895 | DNC-Did Not Come to Starting Area | 10 | ||||
| 10 | 7 | El Nino | Connor Grieve | 0.902 | DNC-Did Not Come to Starting Area | 10 |