| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dumbarton | 36 | 52 | +38 | 24 | 4 | 8 | 89 | 51 |
| 2 | Arbroath | 36 | 52 | +30 | 22 | 8 | 6 | 71 | 41 |
| 3 | Stirling Albion | 36 | 50 | +38 | 21 | 8 | 7 | 75 | 37 |
| 4 | St. Mirren | 36 | 50 | +37 | 24 | 2 | 10 | 84 | 47 |
| 5 | Cowdenbeath | 36 | 48 | +41 | 19 | 10 | 7 | 69 | 28 |
| 6 | Stranraer | 36 | 44 | +8 | 18 | 8 | 10 | 70 | 62 |
| 7 | Queen of the South | 36 | 43 | +18 | 17 | 9 | 10 | 56 | 38 |
| 8 | 36 | 41 | +2 | 17 | 7 | 12 | 60 | 58 | |
| 9 | 36 | 39 | +8 | 14 | 11 | 11 | 60 | 52 | |
| 10 | Montrose | 36 | 36 | +19 | 15 | 6 | 15 | 73 | 54 |
| 11 | Raith Rovers | 36 | 34 | 0 | 13 | 8 | 15 | 56 | 56 |
| 12 | Queen's Park | 36 | 33 | -14 | 12 | 9 | 15 | 47 | 61 |
| 13 | Berwick Rangers | 36 | 32 | +3 | 14 | 4 | 18 | 53 | 50 |
| 14 | Stenhousemuir | 36 | 28 | -17 | 10 | 8 | 18 | 41 | 58 |
| 15 | Brechin City | 36 | 23 | -38 | 8 | 7 | 21 | 41 | 79 |
| 16 | Alloa Athletic | 36 | 22 | -34 | 9 | 4 | 23 | 41 | 75 |
| 17 | Forfar Athletic | 36 | 21 | -52 | 6 | 9 | 21 | 32 | 84 |
| 18 | Albion Rovers | 36 | 20 | -25 | 7 | 6 | 23 | 36 | 61 |
| 19 | Hamilton Academical | 36 | 16 | -62 | 4 | 8 | 24 | 31 | 93 |