| Pos | Team | Pld | Pts | GD | W | D | L | F | A |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ayr United | 34 | 73 | +49 | 23 | 4 | 7 | 89 | 40 |
| 2 | Raith Rovers | 34 | 71 | +33 | 21 | 8 | 5 | 65 | 32 |
| 3 | Arbroath | 34 | 56 | +20 | 16 | 8 | 10 | 68 | 48 |
| 4 | Alloa Athletic | 34 | 56 | +12 | 16 | 8 | 10 | 54 | 42 |
| 5 | Stranraer | 34 | 50 | -6 | 15 | 5 | 14 | 55 | 61 |
| 6 | East Fife | 34 | 42 | -16 | 13 | 3 | 18 | 47 | 63 |
| 7 | Airdrie United | 34 | 41 | -11 | 10 | 11 | 13 | 45 | 56 |
| 8 | Forfar Athletic | 34 | 34 | -26 | 10 | 4 | 20 | 37 | 63 |
| 9 | Albion Rovers | 34 | 27 | -22 | 7 | 6 | 21 | 56 | 78 |
| 10 | Queen's Park | 34 | 27 | -33 | 6 | 9 | 19 | 38 | 71 |