| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Stranraer | 36 | 61 | +18 | 18 | 7 | 11 | 62 | 44 |
| 2 | 36 | 60 | +17 | 16 | 12 | 8 | 48 | 31 | |
| 3 | 36 | 59 | +16 | 16 | 11 | 9 | 56 | 40 | |
| 4 | Queen of the South | 36 | 54 | +6 | 15 | 9 | 12 | 57 | 51 |
| 5 | Inverness Caledonian Thistle | 36 | 49 | +14 | 13 | 10 | 13 | 65 | 51 |
| 6 | East Fife | 36 | 48 | -8 | 14 | 6 | 16 | 51 | 59 |
| 7 | Forfar Athletic | 36 | 46 | -10 | 12 | 10 | 14 | 51 | 61 |
| 8 | Clyde | 36 | 42 | -13 | 10 | 12 | 14 | 40 | 53 |
| 9 | Stenhousemuir | 36 | 40 | -9 | 10 | 10 | 16 | 44 | 53 |
| 10 | Brechin City | 36 | 32 | -31 | 7 | 11 | 18 | 42 | 73 |