| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 34 | 88 | 15 | 2 | 0 | 39 | 7 | 13 | 2 | 2 | 50 | 14 | |||
| 2 | Alloa Athletic | 34 | 61 | 8 | 4 | 5 | 27 | 18 | 10 | 3 | 4 | 30 | 16 | |||
| 3 | Brechin City | 33 | 55 | 11 | 1 | 4 | 41 | 28 | 6 | 3 | 8 | 25 | 29 | |||
| 4 | Arbroath | 34 | 49 | 9 | 4 | 4 | 28 | 21 | 5 | 3 | 9 | 18 | 35 | |||
| 5 | Forfar Athletic | 34 | 48 | 9 | 2 | 6 | 37 | 37 | 6 | 1 | 10 | 25 | 36 | |||
| 6 | Stenhousemuir | 34 | 46 | 8 | 5 | 4 | 26 | 20 | 3 | 8 | 6 | 30 | 36 | |||
| 7 | Ayr United | 34 | 41 | 8 | 2 | 7 | 30 | 29 | 4 | 3 | 10 | 22 | 33 | |||
| 8 | Stranraer | 34 | 34 | 7 | 4 | 6 | 27 | 30 | 2 | 3 | 12 | 14 | 37 | |||
| 9 | East Fife | 34 | 31 | 5 | 4 | 8 | 25 | 25 | 3 | 3 | 11 | 23 | 35 | |||
| 10 | Albion Rovers | 33 | 24 | 5 | 2 | 10 | 28 | 38 | 2 | 1 | 13 | 16 | 37 | |||