| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Queen of the South | 35 | 89 | 15 | 3 | 0 | 41 | 9 | 13 | 2 | 2 | 50 | 14 | |||
| 2 | Alloa Athletic | 35 | 64 | 9 | 4 | 5 | 31 | 19 | 10 | 3 | 4 | 30 | 16 | |||
| 3 | Brechin City | 35 | 58 | 12 | 1 | 5 | 44 | 30 | 6 | 3 | 8 | 25 | 29 | |||
| 4 | Arbroath | 35 | 52 | 9 | 4 | 4 | 28 | 21 | 6 | 3 | 9 | 19 | 35 | |||
| 5 | Forfar Athletic | 35 | 51 | 9 | 2 | 6 | 37 | 37 | 7 | 1 | 10 | 28 | 36 | |||
| 6 | Stenhousemuir | 35 | 49 | 8 | 5 | 4 | 26 | 20 | 4 | 8 | 6 | 32 | 37 | |||
| 7 | Ayr United | 35 | 41 | 8 | 2 | 8 | 30 | 30 | 4 | 3 | 10 | 22 | 33 | |||
| 8 | Stranraer | 35 | 34 | 7 | 4 | 7 | 27 | 33 | 2 | 3 | 12 | 14 | 37 | |||
| 9 | East Fife | 35 | 32 | 5 | 4 | 8 | 25 | 25 | 3 | 4 | 11 | 25 | 37 | |||
| 10 | Albion Rovers | 35 | 24 | 5 | 2 | 10 | 28 | 38 | 2 | 1 | 15 | 17 | 43 | |||