| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Stirling Albion | 36 | 81 | +53 | 24 | 9 | 3 | 83 | 30 |
| 2 | East Fife | 36 | 67 | +21 | 19 | 10 | 7 | 50 | 29 |
| 3 | 36 | 60 | +17 | 18 | 6 | 12 | 64 | 47 | |
| 4 | Stenhousemuir | 36 | 49 | +2 | 14 | 7 | 15 | 51 | 49 |
| 5 | Clyde | 36 | 45 | +2 | 11 | 12 | 13 | 47 | 45 |
| 6 | Ayr United | 36 | 45 | 0 | 11 | 12 | 13 | 40 | 40 |
| 7 | Queen of the South | 36 | 43 | -13 | 11 | 10 | 15 | 54 | 67 |
| 8 | Stranraer | 36 | 42 | -5 | 8 | 18 | 10 | 38 | 43 |
| 9 | Forfar Athletic | 36 | 40 | -24 | 11 | 7 | 18 | 37 | 61 |
| 10 | Montrose | 36 | 20 | -53 | 5 | 5 | 26 | 33 | 86 |