No Way Out was first held by World Wrestling Entertainment (WWE) as the 20th In Your House pay-per-view (PPV) in February 1998.

[5] The event featured seven professional wrestling matches with outcomes predetermined by WWE script writers.

The main feud heading into No Way Out was between Kurt Angle and The Undertaker, with the two battling over the World Heavyweight Championship.

At the previous pay-per-view, Royal Rumble, Angle defeated Mark Henry to retain the World Heavyweight Championship.

[8] After the match, MNM, Henry, and Daivari attacked The Undertaker until Angle came out and made the save.

General Manager Theodore Long then announced that The Undertaker and Angle would face off against Henry and MNM in a 3-on-2 Handicap match next week.

[7] After the match, Orton claimed that Mysterio had as much chance of defeating him as Guerrero did of coming back to life.

[7] The next week on SmackDown!, Orton set the record straight about the comments he made about Guerrero.

[8] Backstage, he said that he only made the comments to get inside Mysterio's head, and that he did not know or care if Guerrero was in Hell.

[8] Orton later entered the arena in a lowrider to further explain his actions, and read an excerpt from Guerrero's book, Cheating Death, Stealing Life – The Eddie Guerrero Story, but Mysterio attacked him, dropkicking his head into the steel ringpost.

[9] After the match, Orton came out and said that Mysterio would never main event WrestleMania, he would never become World Champion and that he could never beat him.

[9] Before the event aired, The Boogeyman defeated Simon Dean in a match taped for Heat.

[12][13] The first match that aired was a nine-man match for the WWE Cruiserweight Championship in which Gregory Helms defended the title against Brian Kendrick, Funaki, Kid Kash, Nunzio, Paul London, Psicosis, Scotty 2 Hotty and Super Crazy.

Helms received a Sliced Bread #2 from Kendrick, a senton bomb from London and the Worm from Scotty.

Lashley controlled the match but JBL threw him outside the ring and applied a sleeper hold.

[1][4][15] WWE Tag Team Champions MNM (Joey Mercury and Johnny Nitro) issued an open challenge for a future WWE Tag Team Championship match, which was accepted by Matt Hardy and Tatanka.

He sent Mercury outside the ring but Melina interfered, allowing Nitro to perform a dropkick on Tatanka off the apron.

Benoit avoided a Scissors Kick and applied the Sharpshooter but Booker T fought the move.

Orton held Rey in the electric chair but Mysterio countered into a Sunset Flip Powerbomb for a near-fall.

[1][4][19] In the main event, Kurt Angle faced The Undertaker for the World Heavyweight Championship.

[1][4][20] On the March 3 episode of SmackDown!, Kurt Angle defended the World Heavyweight Championship against The Undertaker in a rematch.

As Undertaker made the cover, Mark Henry interfered into the match causing a disqualification.