Both captains immediately looked ahead to Saturday's NatWest Series final after the Edgbaston match between England and Australia was lost to rain.
England's reply amounted to only six overs after Australia had posted 261-9 in their full 50 overs.
"We were a lot better in the field than in the last couple of games, which is a big positive to take into the final," England's Michael Vaughan said.
Ricky Ponting added: "It all points towards a fantastic game on Saturday."
Vaughan was pleased that England held Australia to a manageable total.
"We did OK in the field. There was a period when we could have restricted them to 240," the England skipper added.
"But then towards the end they looked like getting 280, so 260 looked about right.
"It's always great to go to Lord's and play any game of cricket, but it doesn't get any bigger than a one-day final between England and Australia.
"Both teams have played some great cricket over the last two weeks so it should be a great final."
Ponting agreed that Australia might have scored more, having been 205-4 after 40 overs.
"Our total was reasonable though I thought we fell about 20 runs short," he said.
"It was apparent today that we are still a little bit off. We could have got 280 but we lost wickets at crucial times and that slowed the run-rate.
"But the pitch was pretty slow, and hard to force the pace on. I think it would have been a good game of cricket in the end.
"But we've been very competitive in the last few games, and that would indicate that things are starting to improve for us."