| PLD | W | D | L | GF | GA | GD | PTS | ||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Queen of the South | 35 | 28 | 5 | 2 | 90 | 23 | 67 | 89 |
| 2 | Brechin City | 41 | 21 | 7 | 13 | 81 | 66 | 15 | 70 |
| 3 | Alloa Athletic | 34 | 19 | 6 | 9 | 57 | 33 | 24 | 63 |
| 4 | Forfar Athletic | 35 | 16 | 3 | 16 | 65 | 73 | -8 | 51 |
| 5 | Stenhousemuir | 36 | 11 | 13 | 12 | 57 | 59 | -2 | 46 |
| 6 | Arbroath | 35 | 13 | 7 | 15 | 44 | 59 | -15 | 46 |
| 7 | Ayr United | 35 | 12 | 5 | 18 | 53 | 63 | -10 | 41 |
| 8 | Stranraer | 36 | 10 | 8 | 18 | 44 | 68 | -24 | 38 |
| 9 | Albion Rovers | 39 | 9 | 6 | 24 | 48 | 80 | -32 | 33 |
| 10 | East Fife | 36 | 8 | 8 | 20 | 49 | 64 | -15 | 32 |
