Photos: Michael Phelps sets new world record to take first swimming gold

(L-R) Laszlo Cseh, Michael Phelps and Ryan Lochte (Photo credit: Al Bello/Getty Images)

Michael Phelps of the United States swam his way to Olympic gold in Beijing on Sunday morning. He was the first to break a World Record in this year's Games, clocking 4:03.84 in the Men's 400m Individual Medley, surpassing his previous record setting time of 4:05.25.

Laszlo Cseh of Hungary got the silver in 4:06.16 and Ryan Lochte of the United States finished third in 4:08.09.

Michael Phelps receives the gold medal. (Photo credit: Al Bello/Getty Images)

Michael Phelps competes. (Photo credit: Adam Pretty/Getty Images)

Michael Phelps celebrates his win. (Photo credit: Adam Pretty/Getty Images)

Michael Phelps celebrates his win. (Photo credit: Adam Pretty/Getty Images)