| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Greenock Morton | 36 | 77 | +44 | 24 | 5 | 7 | 76 | 32 |
| 2 | Stirling Albion | 36 | 69 | +28 | 21 | 6 | 9 | 67 | 39 |
| 3 | Raith Rovers | 36 | 62 | +17 | 18 | 8 | 10 | 50 | 33 |
| 4 | Brechin City | 36 | 60 | +16 | 18 | 6 | 12 | 61 | 45 |
| 5 | Ayr United | 36 | 50 | -1 | 14 | 8 | 14 | 46 | 47 |
| 6 | Cowdenbeath | 36 | 45 | +3 | 13 | 6 | 17 | 59 | 56 |
| 7 | Alloa Athletic | 36 | 42 | -23 | 11 | 9 | 16 | 47 | 70 |
| 8 | Peterhead | 36 | 41 | -2 | 11 | 8 | 17 | 60 | 62 |
| 9 | Stranraer | 36 | 39 | -29 | 10 | 9 | 17 | 45 | 74 |
| 10 | Forfar Athletic | 36 | 19 | -53 | 4 | 7 | 25 | 37 | 90 |