| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 33 | 69 | 10 | 5 | 1 | 31 | 16 | 10 | 4 | 3 | 26 | 11 | |||
| 2 | Ayr United | 33 | 67 | 10 | 6 | 0 | 35 | 15 | 10 | 1 | 6 | 30 | 20 | |||
| 3 | Brechin City | 33 | 59 | 11 | 2 | 4 | 25 | 17 | 6 | 6 | 4 | 22 | 22 | |||
| 4 | Peterhead | 33 | 54 | 9 | 4 | 3 | 29 | 12 | 6 | 5 | 6 | 20 | 21 | |||
| 5 | Stirling Albion | 33 | 46 | 6 | 5 | 6 | 22 | 23 | 6 | 5 | 5 | 29 | 25 | |||
| 6 | East Fife | 33 | 41 | 6 | 2 | 9 | 19 | 21 | 6 | 3 | 7 | 19 | 18 | |||
| 7 | Arbroath | 33 | 36 | 5 | 2 | 9 | 18 | 21 | 5 | 4 | 8 | 22 | 23 | |||
| 8 | Alloa Athletic | 33 | 36 | 7 | 3 | 6 | 26 | 25 | 3 | 3 | 11 | 17 | 31 | |||
| 9 | Queen's Park | 33 | 32 | 4 | 6 | 7 | 17 | 22 | 3 | 5 | 8 | 18 | 27 | |||
| 10 | Stranraer | 33 | 16 | 1 | 4 | 12 | 14 | 47 | 2 | 3 | 11 | 16 | 38 | |||