| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Brechin City | 36 | 72 | +38 | 22 | 6 | 8 | 81 | 43 |
| 2 | Stranraer | 36 | 63 | +7 | 18 | 9 | 9 | 48 | 41 |
| 3 | Greenock Morton | 36 | 62 | +23 | 18 | 8 | 10 | 60 | 37 |
| 4 | Stirling Albion | 36 | 51 | +1 | 14 | 9 | 13 | 56 | 55 |
| 5 | Forfar Athletic | 36 | 47 | +6 | 13 | 8 | 15 | 51 | 45 |
| 6 | Alloa Athletic | 36 | 46 | -2 | 12 | 10 | 14 | 66 | 68 |
| 7 | Dumbarton | 36 | 42 | -10 | 11 | 9 | 16 | 43 | 53 |
| 8 | Ayr United | 36 | 42 | -15 | 11 | 9 | 16 | 39 | 54 |
| 9 | Arbroath | 36 | 38 | -24 | 10 | 8 | 18 | 49 | 73 |
| 10 | 36 | 34 | -24 | 8 | 10 | 18 | 40 | 64 |