| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Queen of South | 18 | 15 | 3 | 0 | 41:9 | 32 | 48 | |
| 2. | Brechin | 18 | 12 | 1 | 5 | 44:30 | 14 | 37 | |
| 3. | Forfar Athletic | 18 | 10 | 2 | 6 | 39:38 | 1 | 32 | |
| 4. | Alloa | 18 | 9 | 4 | 5 | 31:19 | 12 | 31 | |
| 5. | Arbroath | 18 | 9 | 4 | 5 | 28:22 | 6 | 31 | |
| 6. | Stenhousemuir | 18 | 8 | 5 | 5 | 25:20 | 5 | 29 | |
| 7. | Ayr | 18 | 8 | 2 | 8 | 30:30 | 0 | 26 | |
| 8. | Stranraer | 18 | 7 | 4 | 7 | 26:30 | -4 | 25 | |
| 9. | East Fife | 18 | 5 | 4 | 9 | 25:28 | -3 | 19 | |
| 10. | Albion Rovers | 18 | 5 | 2 | 11 | 28:39 | -11 | 17 |