Laura Myerscough was named first alternate and Brandi Jackson is second alternate.
Mary Capouch, the USGA Women's Committee chairman in 1999 and 2000, was previously named captain of the team.
Player selections were based upon performances since the 2000 Women's World Amateur Team Championship.
The 21-year-old Lucidi, who won the U.S. Women's Amateur Championship last week, will be a senior at Southern California.
Bastel, 21, a member of the 2002 U.S. Curtis Cup team and a semifinalist in the 2001 Women's Amateur, will be a senior at Michigan State.
Fankhauser, 21, a junior at Ohio State, was also a member of the 2002 U.S. Curtis Cup team and advanced to the quarterfinals of the 2002 Women's Amateur and to the semifinals of the 2001 Women's Western Amateur.
Myerscough was a member of the 2000 U.S. Women's World Amateur Team and the 2002 U.S. Curtis Cup team. She will be a junior at Arizona.
Jackson, 21, will be a senior at Furman.
Thirty-eight teams from around the world have thus far entered the Women's World Amateur Team Championship, which will be played Oct. 16-19 at Saujana Golf and Country Club, in Kuala Lumpur, Malaysia. More than 40 teams are expected to compete.
The title is determined by four days of stroke play. A country may field a team of two or three players. In each round, the total of the two lowest scores by players from each team constitutes the team score for the round. The four-day total is the team's score for the championship.