| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Queen of the South | 36 | 67 | +22 | 20 | 7 | 9 | 64 | 42 |
| 2 | Alloa Athletic | 36 | 59 | +22 | 15 | 14 | 7 | 55 | 33 |
| 3 | Forfar Athletic | 36 | 53 | +4 | 15 | 8 | 13 | 51 | 47 |
| 4 | 36 | 51 | -1 | 14 | 9 | 13 | 44 | 45 | |
| 5 | 36 | 48 | +5 | 13 | 9 | 14 | 49 | 44 | |
| 6 | 36 | 47 | -8 | 12 | 11 | 13 | 44 | 52 | |
| 7 | Stranraer | 36 | 45 | -3 | 10 | 15 | 11 | 48 | 51 |
| 8 | Cowdenbeath | 36 | 44 | -2 | 11 | 11 | 14 | 49 | 51 |
| 9 | Stenhousemuir | 36 | 36 | -24 | 8 | 12 | 16 | 33 | 57 |
| 10 | Greenock Morton | 36 | 35 | -15 | 7 | 14 | 15 | 48 | 63 |