Later in the second quarter, Graham scored again on a 1-yard run, but a two-point conversion attempt by Ran Carthon failed.
Florida kicker Matt Leach connected on a 29-yard field goal to retake the lead for the Gators, 16–14.
John Navarre threw an 8-yard touchdown pass to wide receiver Ronald Bellamy to give Michigan a 21-16 halftime lead.
In the fourth quarter, Grossman found wide receiver Aaron Walker for a 3-yard touchdown pass to cut the lead to 35–30.
Adam Finley connected on a 33-yard field goal to increase Michigan's lead to 38–30, which held up as the final score.