1 K Raikkonen (McLaren) 1:14.320
2 J Button (BAR) 1:14.759
3 F Alonso (Renault) 1.14.904
4 G Fisichella (Renault) 1:14.927
5 M Schumacher (Ferrari) 1:15.006
6 M Webber (Williams) 1:15.070
7 N Heidfeld (Williams) 1:15.403
8 T Sato (BAR) 1:15.501
9 J Trulli (Toyota) 1:15.532
10 C Klien (Red Bull) 1:15.635
11 D Coulthard (Red Bull) 1:15.679
12 R Schumacher (Toyota) 1:15.689
13 F Massa (Sauber) 1:16.009
14 J Villeneuve (Sauber) 1:16.012
15 R Barrichello (Ferrari) 1:16.230
16 C Albers (Minardi) 1:17.519
17 R Doornbos (Minardi) 1:18.313
18 T Monteiro (Jordan) 1:18.599
19 N Karthikeyan (Jordan) No time
20 J Montoya (McLaren) No time
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1241: McLaren's chances of glory suffer a major blow as Juan Pablo Montoya spins out on the final corner to leave team-mate Raikkonen on his own at the front of the grid.
1239: Championship leader Fernando Alonso zips around the 4.574km circuit but his time of 1.14.904 cannot beat title rival Raikkonen or Button.
1237: Kimi Raikkonen also ensures Button's time at the top is not long, setting a blistering pace with 1:14.320.
1236: Jenson Button makes sure Schumacher's lead is short-lived, breaking the 1:15-mark to top the standings with 1:14.759.
1232: Michael Schumacher delights the German fans by beating Webber's time to leap to the top of qualifying with 1:15.006. His Ferrari team-mate Rubens Barrichello has to settle for a slower time in his fuel-laden car, coming home in 1:16.230.
1229: Ralf Schumacher can only slot in seventh place with 1:15.689, three places behind Toyota team-mate Jarno Trulli.
1220: Nick Heidfeld snatches the lead from Sato with a time of 1:15.403 but his moment of glory is short-lived when Williams team-mate Mark Webber moves into first place with a blistering lap of 1:15.070.
1215: David Coulthard looks good to pip Red Bull team-mate Christien Klien (1:15.635) but falls short in the final sector to settle for provisional third on 1:15.679.
1208: Takuma Sato sets a blistering pace in his BAR-Honda car to beat early qualifying leader Christian Albers (Minardi) by two seconds with a time of 1:15.501.
1202: Narain Karthikeyan's Jordan struggles around the circuit with poor handling on the corners, eventually pulling into the pits and failing to complete a lap.
1201: Robert Doornbos is up and running for Minardi, setting an early target time of 1:18.313.
1155: There are just minutes to go until qualifying for Sunday's German Formula One Grand Prix begins. Track temperature is 32 degrees Celcius, while air temperature is 21C.
Drivers qualify in reverse order of the finishing positions from the British Grand Prix.
Kimi Raikkonen and McLaren team-mate Juan Pablo Montoya set the fastest times in the two practice sessions at Hockenheim earlier on Saturday.
Raikkonen clocked the quickest lap of the day with a time of 1:14.128 around the 4.574km circuit and will be hoping to transfer his practice form to the qualifying session.
The Finn is 26 points behind Renault's Fernando Alonso in the world championship standings and has admitted he needs to reduce the deficit at Hockenheim.
Raikkonen suffered from engine problems at the last two races in France and Britain, which resulted in a 10-place demotion down the grid, but has still come back to take podium places