Michael Phelps Wins Second Gold Medal (AP) AP - Michael Phelps, denied in his bid to win seven gold medals, picked up his second victory of the Athens Games by winning the 200-meter butterfly Tuesday night in Olympic-record time. Phelps fell just short of his own world record, holding off Takashi Yamamoto to win in 1 minute, 54.01 seconds. The hard-charging Japanese swimmer took silver in 1:54.56, while Great Britain's Stephen Parry won bronze in 1:55.22.