| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Livingston | 18 | 13 | 2 | 3 | 37:16 | 21 | 41 | |
| 2. | Alloa | 18 | 9 | 5 | 4 | 34:23 | 11 | 32 | |
| 3. | Airdrieonians | 18 | 8 | 2 | 8 | 34:34 | 0 | 26 | |
| 4. | Brechin | 18 | 7 | 2 | 9 | 21:29 | -8 | 23 | |
| 5. | Peterhead | 18 | 6 | 4 | 8 | 19:30 | -11 | 22 | |
| 6. | Queen's Park | 18 | 5 | 6 | 7 | 19:30 | -11 | 21 | |
| 7. | East Fife | 18 | 5 | 5 | 8 | 19:24 | -5 | 20 | |
| 8. | Stenhousemuir | 18 | 6 | 2 | 10 | 22:28 | -6 | 20 | |
| 9. | Albion Rovers | 18 | 5 | 5 | 8 | 20:26 | -6 | 20 | |
| 10. | Stranraer | 18 | 4 | 5 | 9 | 17:25 | -8 | 17 |