| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Stirling Albion | 36 | 59 | +53 | 26 | 7 | 3 | 84 | 31 |
| 2 | Hamilton Academical | 36 | 50 | +33 | 21 | 8 | 7 | 86 | 53 |
| 3 | Queen of the South | 36 | 45 | +34 | 16 | 13 | 7 | 84 | 50 |
| 4 | Queen's Park | 36 | 43 | +16 | 17 | 9 | 10 | 57 | 41 |
| 5 | East Stirlingshire Clydebank | 36 | 40 | +14 | 15 | 10 | 11 | 64 | 50 |
| 6 | Stranraer | 36 | 40 | +10 | 17 | 6 | 13 | 74 | 64 |
| 7 | Arbroath | 36 | 39 | +5 | 13 | 13 | 10 | 56 | 51 |
| 8 | Berwick Rangers | 36 | 39 | +3 | 15 | 9 | 12 | 73 | 70 |
| 9 | East Fife | 36 | 37 | +1 | 15 | 7 | 14 | 78 | 77 |
| 10 | Alloa Athletic | 36 | 36 | -10 | 14 | 8 | 14 | 71 | 81 |
| 11 | Albion Rovers | 36 | 33 | -4 | 14 | 5 | 17 | 56 | 60 |
| 12 | Cowdenbeath | 36 | 32 | -7 | 11 | 10 | 15 | 55 | 62 |
| 13 | Raith Rovers | 36 | 32 | -7 | 9 | 14 | 13 | 54 | 61 |
| 14 | Dumbarton | 36 | 32 | -12 | 13 | 6 | 17 | 55 | 67 |
| 15 | Stenhousemuir | 36 | 30 | -25 | 11 | 8 | 17 | 49 | 74 |
| 16 | Montrose | 36 | 29 | -11 | 10 | 9 | 17 | 80 | 91 |
| 17 | Forfar Athletic | 36 | 25 | -26 | 9 | 7 | 20 | 63 | 89 |
| 18 | Ayr United | 36 | 24 | -18 | 9 | 6 | 21 | 49 | 67 |
| 19 | Brechin City | 36 | 19 | -49 | 6 | 7 | 23 | 53 | 102 |