South Africa, New Zealand, West Indies and Australia won the mini-Cricket World Cup outright and Sri Lanka and India shared the honour after rain ruined two attempts to complete the 2002 Colombo climax.
The finalist batting second always triumphs and the top scorer in three of the four deciders, Philo Wallace of West Indies, Sourav Ganguly of India and Marcus Trescothick of England, finished a loser.
Launched to raise funds for non-Test-playing nations, the tournament has had an identity crisis with as many formats as editions and a name change from ICC Knockout Trophy after the second version.
The late Hansie Cronje and current squad member Jacques Kallis shone as South Africa beat West Indies by four wickets with 18 balls to spare in Bangladesh for their sole ICC competition victory.
Wallace struck 11 fours and five sixes as he contributed 103 of 245 runs while Kallis claimed 5-30 before an unbeaten 61 from skipper Cronje led the Proteas to 248-6 against an attack that produced no star performer.
Chris Cairns and Chris Harris were the stars as New Zealand recovered from the cheap loss of five wickets to reach 265-6 with two balls to spare and defeat India by four wickets in Kenya.
Cairns (102 not out) and Harris (46) shared a 122-run sixth-wicket partnership to foil India who were indebted to Ganguly (117) and Sachin Tendulkar (69) as they made 264-6 off 50 overs.
Sri Lanka made 244 and 222 respectively in two efforts to complete the final only for rain to play spoilsport with India managing to face just 12 and 51 in reply.
India, dumped as hosts over tax-exemption problems, pipped South Africa by 10 runs in the semi-final highlight of the tournament with the retirement of Herschelle Gibbs (119 not out) triggering a Proteas collapse.
A 71-run, ninth-wicket stand by West Indians Courtney Browne and Ian Bradshaw turned seemingly certain defeat into a two-wicket triumph over an England team inspired by 104-run Trescothick.
Winning skipper Brian Lara said his team drew inspiration in London from television pictures of hurricanes lashing the Caribbean as they reached a 218-run target with seven balls to spare.
West Indies became the first country to reach three Champions Trophy finals, but there was no London-like salvage operation as Australia cruised to an eight-wicket Mumbai success.
Nathan Bracken (3-22) inflicted most damage as the defending champions managed only 138 and an undefeated 57 from Shane Watson lifted Australia to 116-2 when rain intervened and the Duckworth-Lewis method came into play.