The All-Star game was held on July 22, 2001 at the Araneta Coliseum in Quezon City.
Buzzer-beating competition winner: Jayjay Helterbrand of Barangay Ginebra, over Olsen Racela, Jason Webb and Patrick Fran.
Two-Ball Competition: Barangay Ginebra's Jun Limpot and Bal David defeated Mobiline's Victor Pablo and Gherome Ejercito, 63-53, to capture the two-ball competition.
Danny Ildefonso, who scored 21 points, sparked the Veterans' breakaway with a slam from a perfect fastbreak pitch by Olsen Racela that gave them a 72-59 lead.
Veterans Won defeat RSJ and Danny Ildefonso named on his All Star Game Most Valuable Player Award.