| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 36 | 81 | +48 | 26 | 3 | 7 | 80 | 32 | |
| 2 | Alloa Athletic | 36 | 62 | +25 | 17 | 11 | 8 | 69 | 44 |
| 3 | Airdrie United | 36 | 52 | -5 | 16 | 4 | 16 | 61 | 66 |
| 4 | Brechin City | 36 | 50 | -6 | 15 | 5 | 16 | 43 | 49 |
| 5 | East Fife | 36 | 46 | -3 | 12 | 10 | 14 | 41 | 44 |
| 6 | Queen's Park | 36 | 46 | -14 | 12 | 10 | 14 | 37 | 51 |
| 7 | Stranraer | 36 | 44 | -4 | 12 | 8 | 16 | 46 | 50 |
| 8 | Albion Rovers | 36 | 42 | -7 | 11 | 9 | 16 | 41 | 48 |
| 9 | Peterhead | 36 | 40 | -15 | 10 | 10 | 16 | 44 | 59 |
| 10 | Stenhousemuir | 36 | 39 | -19 | 11 | 6 | 19 | 45 | 64 |