| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Clyde | 36 | 54 | +61 | 25 | 4 | 7 | 108 | 47 |
| 2 | Queen of the South | 36 | 53 | +45 | 24 | 5 | 7 | 78 | 33 |
| 3 | Morton | 36 | 44 | +14 | 19 | 6 | 11 | 78 | 64 |
| 4 | Alloa Athletic | 36 | 42 | +14 | 17 | 8 | 11 | 92 | 78 |
| 5 | Montrose | 36 | 41 | +13 | 15 | 11 | 10 | 63 | 50 |
| 6 | Arbroath | 36 | 41 | +7 | 17 | 7 | 12 | 66 | 59 |
| 7 | Stranraer | 36 | 39 | -1 | 14 | 11 | 11 | 61 | 62 |
| 8 | Berwick Rangers | 36 | 38 | +13 | 16 | 6 | 14 | 83 | 70 |
| 9 | Ayr United | 36 | 38 | +8 | 15 | 8 | 13 | 71 | 63 |
| 10 | East Fife | 36 | 37 | +1 | 15 | 7 | 14 | 60 | 59 |
| 11 | 36 | 34 | -11 | 15 | 4 | 17 | 70 | 81 | |
| 12 | Queen's Park | 36 | 33 | +2 | 12 | 9 | 15 | 64 | 62 |
| 13 | Hamilton Academical | 36 | 33 | -1 | 14 | 5 | 17 | 78 | 79 |
| 14 | Cowdenbeath | 36 | 31 | -12 | 11 | 9 | 16 | 65 | 77 |
| 15 | Stenhousemuir | 36 | 31 | -17 | 13 | 5 | 18 | 69 | 86 |
| 16 | Forfar Athletic | 36 | 30 | -8 | 11 | 8 | 17 | 68 | 76 |
| 17 | Dumbarton | 36 | 28 | -17 | 9 | 10 | 17 | 49 | 66 |
| 18 | Albion Rovers | 36 | 25 | -32 | 10 | 5 | 21 | 42 | 74 |
| 19 | Brechin City | 36 | 12 | -79 | 5 | 2 | 29 | 44 | 123 |