| # | Team | MP | W | D | L | G | GD | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Stirling | 18 | 13 | 4 | 1 | 42:18 | 24 | 43 | |
| 2. | Dumbarton | 18 | 10 | 4 | 4 | 25:16 | 9 | 34 | |
| 3. | Stranraer | 18 | 9 | 5 | 4 | 28:23 | 5 | 32 | |
| 4. | Annan | 18 | 8 | 5 | 5 | 36:21 | 15 | 29 | |
| 5. | Forfar Athletic | 18 | 7 | 5 | 6 | 20:23 | -3 | 26 | |
| 6. | Stenhousemuir | 18 | 6 | 7 | 5 | 26:24 | 2 | 25 | |
| 7. | East Fife | 18 | 7 | 3 | 8 | 28:24 | 4 | 24 | |
| 8. | Elgin City | 18 | 6 | 4 | 8 | 21:24 | -3 | 22 | |
| 9. | Albion Rovers | 18 | 6 | 3 | 9 | 20:19 | 1 | 21 | |
| 10. | Bonnyrigg Rose | 18 | 6 | 3 | 9 | 22:29 | -7 | 21 |