The tournament was sponsored by the Dutch businessman and world champion of correspondence chess, Joop van Oosterom.
The first tournament was played from 3 to 13 February 1992 in Roquebrune-Cap-Martin as a double round robin competition of rapid chess.
The first round-robin was won by Viswanathan Anand, undefeated with a score of 8/11, closely followed by Vassily Ivanchuk with 7.5 points.
Anand finished second with 13.5 points, while Anatoly Karpov, Victor Korchnoi and Ljubomir Ljubojević shared third place with 12.5/22.
[citation needed] A separate Blitz tournament, with the same participants plus Larry Christiansen and Susan Polgar, was played on 7 February.