| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ayr United | 36 | 53 | +41 | 22 | 9 | 5 | 78 | 37 |
| 2 | Airdrieonians | 36 | 50 | +51 | 22 | 6 | 8 | 107 | 56 |
| 3 | Queen of the South | 36 | 47 | +30 | 18 | 11 | 7 | 83 | 53 |
| 4 | East Fife | 36 | 44 | +17 | 20 | 4 | 12 | 72 | 55 |
| 5 | Raith Rovers | 36 | 43 | +28 | 16 | 11 | 9 | 71 | 43 |
| 6 | Arbroath | 36 | 43 | +20 | 15 | 13 | 8 | 72 | 52 |
| 7 | Albion Rovers | 36 | 43 | +4 | 18 | 7 | 11 | 58 | 54 |
| 8 | Alloa Athletic | 36 | 38 | 0 | 14 | 10 | 12 | 65 | 65 |
| 9 | Montrose | 36 | 37 | +4 | 15 | 7 | 14 | 67 | 63 |
| 10 | Cowdenbeath | 36 | 37 | +1 | 15 | 7 | 14 | 69 | 68 |
| 11 | Berwick Rangers | 36 | 35 | +11 | 12 | 11 | 13 | 69 | 58 |
| 12 | Dumbarton | 36 | 35 | +2 | 14 | 7 | 15 | 63 | 61 |
| 13 | Queen's Park | 36 | 33 | -3 | 13 | 7 | 16 | 62 | 65 |
| 14 | 36 | 32 | -10 | 12 | 8 | 16 | 55 | 65 | |
| 15 | Stranraer | 36 | 28 | -19 | 9 | 10 | 17 | 64 | 83 |
| 16 | Brechin City | 36 | 27 | -40 | 10 | 7 | 19 | 52 | 92 |
| 17 | 36 | 23 | -32 | 9 | 5 | 22 | 59 | 91 | |
| 18 | Stenhousemuir | 36 | 19 | -46 | 6 | 7 | 23 | 47 | 93 |
| 19 | Forfar Athletic | 36 | 17 | -59 | 7 | 3 | 26 | 61 | 120 |