| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stirling | 36 | 21 | 10 | 5 | 67:37 | 30 | 73 | |
| 2. | Dumbarton | 36 | 18 | 8 | 10 | 49:39 | 10 | 62 | |
| 3. | Annan | 36 | 14 | 9 | 13 | 61:51 | 10 | 51 | |
| 4. | East Fife | 36 | 14 | 8 | 14 | 54:50 | 4 | 50 | |
| 5. | Forfar Athletic | 36 | 13 | 9 | 14 | 37:43 | -6 | 48 | |
| 6. | Stenhousemuir | 36 | 12 | 11 | 13 | 51:55 | -4 | 47 | |
| 7. | Stranraer | 36 | 12 | 9 | 15 | 43:57 | -14 | 45 | |
| 8. | Bonnyrigg Rose | 36 | 11 | 9 | 16 | 36:47 | -11 | 42 | |
| 9. | Elgin City | 36 | 11 | 7 | 18 | 44:62 | -18 | 40 | |
| 10. | Albion Rovers | 36 | 11 | 6 | 19 | 47:48 | -1 | 39 |