| February 22|
| 30 from 15 nations|
| Olympic Oval, Calgary, Canada|
The women's 500 metres in speed skating at the 1988 Winter Olympics took place on 22 February, at the Olympic Oval.
Speed skating at the 1988 Winter Olympics – Women's 500 metres Wikipedia
Prior to this competition, the existing world and Olympic records were as follows:
The following new world and olympic records was set during the competition.