| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 29 | 58 | 9 | 6 | 0 | 32 | 14 | 8 | 1 | 5 | 23 | 17 | |||
| 2 | Raith Rovers | 29 | 57 | 9 | 5 | 1 | 28 | 15 | 7 | 4 | 3 | 18 | 11 | |||
| 3 | Brechin City | 28 | 50 | 9 | 2 | 2 | 22 | 12 | 5 | 6 | 4 | 21 | 22 | |||
| 4 | Peterhead | 30 | 48 | 9 | 4 | 2 | 29 | 11 | 4 | 5 | 6 | 17 | 20 | |||
| 5 | Stirling Albion | 29 | 43 | 5 | 5 | 4 | 19 | 20 | 6 | 5 | 4 | 28 | 22 | |||
| 6 | East Fife | 29 | 40 | 6 | 1 | 8 | 19 | 19 | 6 | 3 | 5 | 18 | 13 | |||
| 7 | Alloa Athletic | 30 | 33 | 7 | 3 | 5 | 25 | 23 | 2 | 3 | 10 | 14 | 28 | |||
| 8 | Arbroath | 29 | 29 | 5 | 2 | 8 | 17 | 18 | 3 | 3 | 8 | 20 | 23 | |||
| 9 | Queen's Park | 30 | 29 | 3 | 6 | 6 | 14 | 20 | 3 | 5 | 7 | 18 | 25 | |||
| 10 | Stranraer | 29 | 13 | 1 | 4 | 9 | 13 | 39 | 1 | 3 | 11 | 14 | 37 | |||