It was driven by Japanese Ukyo Katayama and Finn Mika Salo, who were in their fourth and second seasons with the team respectively.
The car was a significant improvement over the ineffective 1995 model, prompting Salo to say that they shouldn't be talked about in the same day.
Salo was generally impressive throughout the season, scoring vital points finishes on three occasions.
During the pre-season test and launching, the only sponsor was their engine supplier Yamaha and wheel manufacturer Fondmetal.
In the Grands Prix that did not allow tobacco branding, the Mild Seven logos were replaced with "Tyrrell".