| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 36 | 82 | +46 | 25 | 7 | 4 | 79 | 33 | |
| 2 | Ayr United | 36 | 59 | +7 | 18 | 5 | 13 | 62 | 55 |
| 3 | Forfar Athletic | 36 | 59 | +2 | 17 | 8 | 11 | 50 | 48 |
| 4 | Brechin City | 36 | 57 | +18 | 15 | 12 | 9 | 63 | 45 |
| 5 | East Fife | 36 | 52 | +17 | 14 | 10 | 12 | 77 | 60 |
| 6 | Airdrie United | 36 | 48 | -8 | 13 | 9 | 14 | 52 | 60 |
| 7 | Dumbarton | 36 | 40 | -18 | 11 | 7 | 18 | 52 | 70 |
| 8 | Stenhousemuir | 36 | 38 | -13 | 10 | 8 | 18 | 46 | 59 |
| 9 | Alloa Athletic | 36 | 36 | -22 | 9 | 9 | 18 | 49 | 71 |
| 10 | Peterhead | 36 | 26 | -29 | 5 | 11 | 20 | 47 | 76 |