Image: Michael Phelps
Al Bello  /  Getty Images
Michael Phelps celebrates after winning the final of the 200 meter individual medley and setting a new world record of 1:54.80 during the U.S. swimming trials in Omaha.
updated 7/4/2008 9:06:12 PM ET 2008-07-05T01:06:12

Michael Phelps has set another world record, beating Ryan Lochte in the 200-meter individual medley at the U.S. Olympic trials.

Phelps claimed his fourth individual victory of the trials with a time of 1 minute, 54.80 seconds, beating the mark of 1:54.98 he set while winning seven events at last year’s world championships in Australia.

Lochte had a pair of runner-up finishes on a grueling night, losing to Aaron Peirsol by two-hundredths of a second in the 200 back and returning about 28 minutes later to take on Phelps in the IM, which requires all four strokes.

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