Who holds the current fastest time in the mile race?

The fastest men's mile record is held by Hicham El Guerrouj of Morocco, who set the world mark at that distance with 3 minutes 43.13 seconds in Rome, Italy on July 7, 1999.

http://www.guinnessworldrecords.com/content_pages/record.asp?recordid=52096

http://en.wikipedia.org/wiki/Hicham_El_Guerrouj

Also,

Fastest Men's Indoor 1 Mile:
Morocco's Hicham El Guerrouj ran the fastest men's indoor mile in a time of of 3 minutes 48.45 seconds on February 12, 1997.

Womens World Record: Svetlana Masterkova of Russia, ran one mile in 4 min 12.56 sec in Zurich, Switzerland, on August 14, 1996.

On Feb. 11, 2005, Kenya's Bernard Lagat (at the Powered by Tyson Invitational at the University of Arkansas) tried to break the 3:48.45 mile world record held by Morocco’s Hicham El Guerrouj. He was on pace but finished at 3:49.89, the third fastest indoor mile ever run.

[News Story, Alan Webb, now a 21-year-old running on the track where he broke Jim Ryun's high school mile record four years ago, ran the fastest mile ever by an American in the United States yesterday at the Prefontaine Classic track and field meet in Eugene, Ore.

Webb's time of 3 minutes 50.85 seconds was also the fastest by a U.S. runner anywhere in seven years.

From Washington Post, Sunday, June 20, 2004; Page E10.
and
---http://www.washingtonpost.com/wp-dyn/articles/A54741-2004Jun19.html

Hicham El Guerrouj of Morocco, 26, world record-holder in the mile and metric mile, did the mile in 3:49.92

---http://www.active.com/story.cfm?story_id=6999

hicham el guerrouj with 3:43:13 in morroco