Found this article on the web about tile trial tips and water bottles. It's a good read.

Drink fluids, Always Carry a Bottle (even if empty)

The top riders usually always carry a bottle and drink during a time trial, this allows the body to stay hydrated and cool, and enables the rider to be more comfortable and more focused. The bottle also acts to improve aerodynamics of the seat and downtube on most frames, as tested by John Cobb.

 
Ave. Drag
40 km
112 mi
base bike, no bottles
7.537
1:07:26
5:56:48
down tube bottle only
7.370
1:06:58
5:54:29
seat tube bottle only
7.433
1:07:09
5:55:22
bottles on both tubes
7.598
1:07:36
5:57:38
Profile bottle only
7.337
1:06:53
5:54:01
Hydropac w/40oz. only
7.556
1:07:29
5:57:01
Never Reach only
7.561
1:07:30
5:57:07
behind-seat low bottles
7.658
1:07:45
5:58:27
behind-seat high bottles
7.578
1:07:32
5:57:27


Source: http://www.socalttseries.com/Training/Top10SpeedTips/tabid/196/Default.aspx