| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Morton | 36 | 24 | 5 | 7 | 76:32 | 44 | 77 | |
| 2. | Stirling | 36 | 21 | 6 | 9 | 67:39 | 28 | 69 | |
| 3. | Raith | 36 | 18 | 8 | 10 | 50:33 | 17 | 62 | |
| 4. | Brechin | 36 | 18 | 6 | 12 | 61:45 | 16 | 60 | |
| 5. | Ayr | 36 | 14 | 8 | 14 | 46:47 | -1 | 50 | |
| 6. | Cowdenbeath | 36 | 13 | 6 | 17 | 59:56 | 3 | 45 | |
| 7. | Alloa | 36 | 11 | 9 | 16 | 47:70 | -23 | 42 | |
| 8. | Peterhead | 36 | 11 | 8 | 17 | 60:62 | -2 | 41 | |
| 9. | Stranraer | 36 | 10 | 9 | 17 | 45:74 | -29 | 39 | |
| 10. | Forfar Athletic | 36 | 4 | 7 | 25 | 37:90 | -53 | 19 |