| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stirling | 18 | 8 | 6 | 4 | 25:19 | 6 | 30 | |
| 2. | Dumbarton | 18 | 8 | 4 | 6 | 24:23 | 1 | 28 | |
| 3. | East Fife | 18 | 7 | 5 | 6 | 26:26 | 0 | 26 | |
| 4. | Forfar Athletic | 18 | 6 | 4 | 8 | 17:20 | -3 | 22 | |
| 5. | Annan | 18 | 6 | 4 | 8 | 25:30 | -5 | 22 | |
| 6. | Stenhousemuir | 18 | 6 | 4 | 8 | 25:31 | -6 | 22 | |
| 7. | Bonnyrigg Rose | 18 | 5 | 6 | 7 | 14:18 | -4 | 21 | |
| 8. | Albion Rovers | 18 | 5 | 3 | 10 | 27:29 | -2 | 18 | |
| 9. | Elgin City | 18 | 5 | 3 | 10 | 23:38 | -15 | 18 | |
| 10. | Stranraer | 18 | 3 | 4 | 11 | 15:34 | -19 | 13 |