| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Stirling Albion | 30 | 44 | +21 | 20 | 4 | 6 | 64 | 43 |
| 2 | 30 | 43 | +32 | 20 | 3 | 7 | 72 | 40 | |
| 3 | Queen's Park | 30 | 37 | +24 | 15 | 7 | 8 | 70 | 46 |
| 4 | Kilmarnock | 30 | 36 | +26 | 17 | 2 | 11 | 74 | 48 |
| 5 | Ayr United | 30 | 36 | +20 | 17 | 2 | 11 | 76 | 56 |
| 6 | Morton | 30 | 33 | +22 | 15 | 3 | 12 | 79 | 57 |
| 7 | Arbroath | 30 | 33 | -5 | 13 | 7 | 10 | 52 | 57 |
| 8 | Dundee United | 30 | 29 | -4 | 12 | 5 | 13 | 52 | 56 |
| 9 | Alloa Athletic | 30 | 29 | -5 | 12 | 5 | 13 | 63 | 68 |
| 10 | Dumbarton | 30 | 28 | -9 | 11 | 6 | 13 | 58 | 67 |
| 11 | Dunfermline Athletic | 30 | 27 | -7 | 9 | 9 | 12 | 51 | 58 |
| 12 | Stenhousemuir | 30 | 26 | -9 | 10 | 6 | 14 | 56 | 65 |
| 13 | Cowdenbeath | 30 | 23 | -17 | 8 | 7 | 15 | 37 | 54 |
| 14 | St. Johnstone | 30 | 22 | -22 | 8 | 6 | 16 | 41 | 63 |
| 15 | Forfar Athletic | 30 | 20 | -34 | 8 | 4 | 18 | 54 | 88 |
| 16 | Albion Rovers | 30 | 14 | -33 | 5 | 4 | 21 | 44 | 77 |