Phelps sets world record again

(BEIJING, June 30) -- Michael Phelps set a new world record of 4:05:25 on Sunday night at the U.S. Olympic Swimming Team Trials, breaking the previous 400-meter individual medley record he had previously set at the world championships in Australia.

Ryan Lochte also rendered an excellent performance, finishing second with a time of 4:06.08, which was also faster than Phelps's former record of 4:06.22.

Robert Margalis finished third, more than seven seconds behind Phelps and Lochte.