In one of the deepest fields ever for the all-around, Gutsu was in a close race for the gold medal. She had a few balance checks in her difficult beam routine and made an error on her double layout on floor, allowing her rivals to stay in contention with her. With one apparatus to go, Gutsu was tied for first place with Shannon Miller of the United States. Her final performance on vault (a full-twisting layout Yurchenko) was just enough to hold off Miller's challenge. Gutsu won the title by .012, which remains the closest margin of victory ever in an Olympic all-around. She also took home medals in the team competition (gold), uneven bars (silver) and floor exercise (bronze).