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OMAHA -- Michael Phelps 1, Ryan Lochte 1.

They're now even in finals at the U.S. Olympic swimming trials after Phelps nipped Lochte in the 200 free for first place Wednesday night in Omaha.

Phelps touched in 1:45.70, just .05 seconds faster than Lochte. Both qualified for the Olympic team in their second event.

Ricky Berens finished third in 1:46.56.

Lochte said after the race that he saved too much for the end. "I was just not trying, and then the last 75 it was like, all right, I've got to put it in gear, and by that time it was a little late," he said. "I know what I did wrong; I just waited too long, instead of going out faster. But I have another month to make sure I get that race down."

On Monday night, Lochte beat Phelps in the 400 individual medley.

The two are expected to go head-to-head again Saturday night in the 200 IM final. Neither would say the events they're planning to race the rest of the week.

In the women's 100 back Wednesday, 17-year-old Missy Franklin qualified for her first Olympic team, blazing to an American record 58.85. Rachel Bootsma, 18, claimed the second spot, leaving Natalie Coughlin in third place in her signature event. Only the top two advance to the Olympics.

Matt Grevers made his second Olympic team, winning the men's 100 back with Nick Thoman coming in second.

Texas A&M sophomore Breeja Larson claimed her spot in the 100 breaststroke, winning in 1:05.92. Rebecca Soni was second, dashing Jessica Hardy's hopes for an Olympic berth in the event.

About 50 minutes after his 200 free victory, Phelps finished third in his 200 fly semifinal to qualify for Thursday night's final. Bobby Bollier and Davis Tarwater went 1-2 ahead of Phelps.

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