| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Greenock Morton | 34 | 76 | 13 | 3 | 1 | 40 | 12 | 11 | 1 | 5 | 35 | 18 | |||
| 2 | Stirling Albion | 34 | 69 | 12 | 2 | 3 | 37 | 16 | 9 | 4 | 4 | 29 | 19 | |||
| 3 | Raith Rovers | 34 | 56 | 6 | 5 | 6 | 20 | 18 | 10 | 3 | 4 | 26 | 14 | |||
| 4 | Brechin City | 34 | 54 | 8 | 2 | 7 | 29 | 24 | 8 | 4 | 5 | 30 | 21 | |||
| 5 | Ayr United | 34 | 47 | 6 | 3 | 8 | 20 | 23 | 7 | 5 | 5 | 24 | 21 | |||
| 6 | Cowdenbeath | 34 | 42 | 6 | 4 | 7 | 33 | 34 | 6 | 2 | 9 | 23 | 20 | |||
| 7 | Peterhead | 34 | 40 | 6 | 4 | 7 | 34 | 27 | 5 | 3 | 9 | 26 | 33 | |||
| 8 | Alloa Athletic | 34 | 38 | 4 | 6 | 7 | 22 | 27 | 6 | 2 | 9 | 23 | 43 | |||
| 9 | Stranraer | 34 | 35 | 7 | 2 | 8 | 26 | 37 | 2 | 6 | 9 | 15 | 35 | |||
| 10 | Forfar Athletic | 34 | 19 | 4 | 3 | 10 | 20 | 29 | 0 | 4 | 13 | 16 | 57 | |||