| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Ayr United | 30 | 61 | 9 | 6 | 0 | 32 | 14 | 9 | 1 | 5 | 27 | 18 | |||
| 2 | Raith Rovers | 30 | 60 | 9 | 5 | 1 | 28 | 15 | 8 | 4 | 3 | 22 | 11 | |||
| 3 | Brechin City | 30 | 50 | 9 | 2 | 4 | 22 | 17 | 5 | 6 | 4 | 21 | 22 | |||
| 4 | Peterhead | 30 | 48 | 9 | 4 | 2 | 29 | 11 | 4 | 5 | 6 | 17 | 20 | |||
| 5 | Stirling Albion | 30 | 46 | 6 | 5 | 4 | 21 | 20 | 6 | 5 | 4 | 28 | 22 | |||
| 6 | East Fife | 30 | 40 | 6 | 1 | 8 | 19 | 19 | 6 | 3 | 6 | 18 | 15 | |||
| 7 | Alloa Athletic | 30 | 33 | 7 | 3 | 5 | 25 | 23 | 2 | 3 | 10 | 14 | 28 | |||
| 8 | Arbroath | 30 | 32 | 5 | 2 | 8 | 17 | 18 | 4 | 3 | 8 | 21 | 23 | |||
| 9 | Queen's Park | 30 | 29 | 3 | 6 | 6 | 14 | 20 | 3 | 5 | 7 | 18 | 25 | |||
| 10 | Stranraer | 30 | 13 | 1 | 4 | 10 | 14 | 43 | 1 | 3 | 11 | 14 | 37 | |||