The Cup was played 12–15 October at the Old Course at St Andrews in Scotland.

The Spanish team of Miguel Ángel Jiménez, Miguel Ángel Martín, and José María Olazábal beat the South African team of Ernie Els, David Frost, and Retief Goosen in the final.

The tournament was replaced by the Alfred Dunhill Links Championship in 2001, an official European Tour event.

After three rounds of round-robin play, the top team in each group advanced to a single elimination playoff.

Matches tied at the end of 18 holes were extended to a sudden-death playoff, unless they could not affect the outcome of the tournament (semi-finals).