| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Greenock Morton | 31 | 70 | 12 | 3 | 1 | 31 | 11 | 10 | 1 | 4 | 34 | 16 | |||
| 2 | Stirling Albion | 31 | 66 | 11 | 2 | 3 | 36 | 16 | 9 | 4 | 2 | 26 | 14 | |||
| 3 | Brechin City | 31 | 50 | 7 | 2 | 6 | 26 | 22 | 8 | 3 | 5 | 29 | 20 | |||
| 4 | Raith Rovers | 31 | 50 | 5 | 5 | 5 | 18 | 17 | 9 | 3 | 4 | 23 | 12 | |||
| 5 | Cowdenbeath | 31 | 40 | 6 | 3 | 7 | 33 | 34 | 6 | 1 | 8 | 23 | 19 | |||
| 6 | Ayr United | 31 | 40 | 5 | 2 | 8 | 16 | 20 | 6 | 5 | 5 | 23 | 21 | |||
| 7 | Peterhead | 31 | 34 | 5 | 4 | 7 | 32 | 26 | 4 | 3 | 8 | 23 | 29 | |||
| 8 | Alloa Athletic | 31 | 34 | 4 | 5 | 6 | 20 | 24 | 5 | 2 | 9 | 19 | 40 | |||
| 9 | Stranraer | 31 | 31 | 6 | 2 | 7 | 19 | 32 | 2 | 5 | 9 | 15 | 35 | |||
| 10 | Forfar Athletic | 31 | 19 | 4 | 3 | 9 | 19 | 27 | 0 | 4 | 11 | 14 | 44 | |||