| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Raith Rovers | 35 | 75 | 11 | 5 | 1 | 33 | 16 | 11 | 4 | 3 | 27 | 11 | |||
| 2 | Ayr United | 35 | 71 | 11 | 7 | 0 | 38 | 16 | 10 | 1 | 6 | 30 | 20 | |||
| 3 | Brechin City | 35 | 62 | 12 | 2 | 4 | 27 | 18 | 6 | 6 | 5 | 22 | 24 | |||
| 4 | Peterhead | 35 | 56 | 9 | 5 | 3 | 30 | 13 | 6 | 6 | 6 | 22 | 23 | |||
| 5 | Stirling Albion | 35 | 50 | 6 | 5 | 6 | 22 | 23 | 7 | 6 | 5 | 33 | 26 | |||
| 6 | East Fife | 35 | 41 | 6 | 2 | 10 | 19 | 24 | 6 | 3 | 8 | 19 | 20 | |||
| 7 | Arbroath | 35 | 40 | 6 | 3 | 9 | 22 | 23 | 5 | 4 | 8 | 22 | 23 | |||
| 8 | Alloa Athletic | 35 | 38 | 7 | 4 | 6 | 26 | 25 | 3 | 4 | 11 | 18 | 32 | |||
| 9 | Queen's Park | 35 | 33 | 4 | 6 | 8 | 17 | 23 | 3 | 6 | 8 | 18 | 27 | |||
| 10 | Stranraer | 35 | 16 | 1 | 4 | 12 | 14 | 47 | 2 | 3 | 13 | 17 | 42 | |||