This is definitely the earliest 9 speed style.Tit uses the 8 speed hub shell design, steel axle and original freehub design (which is why there is the bulge for the inbound bearings). There were versions of Record with and without titanium parts, at least on the rear hub. I can't remember off hand when this changed - I think 2002 was the first year of the aluminum axle hubs for Record, then a year later for Chorus. That design is distinctive because of the on-bike adjustable bearing load.
I've got all the catalogs from 97-2005 at home if you need more info. Your challenge is to figure out if it is a titanium rear hub.