| # | Team | P | W | D | L | GF | GA | GD | Pts | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  Inverness CT | 22 | 14 | 4 | 4 | 39 | 15 | +24 | 46 | |
| 2 |  Stenhousemuir | 23 | 11 | 8 | 4 | 32 | 18 | +14 | 41 | |
| 3 |  Hamilton Academical | 22 | 11 | 5 | 6 | 38 | 23 | +15 | 38 | |
| 4 |  Queen of the South | 23 | 11 | 5 | 7 | 37 | 29 | +8 | 38 | |
| 5 |  Alloa Athletic | 23 | 9 | 7 | 7 | 30 | 19 | +11 | 34 | |
| 6 |  Montrose | 21 | 8 | 3 | 10 | 26 | 37 | -11 | 27 | |
| 7 |  Peterhead | 21 | 8 | 3 | 10 | 30 | 42 | -12 | 27 | |
| 8 |  East Fife | 22 | 7 | 4 | 11 | 23 | 38 | -15 | 25 | |
| 9 |  Cove Rangers | 22 | 4 | 6 | 12 | 23 | 29 | -6 | 18 | |
| 10 |  Kelty Hearts | 23 | 3 | 5 | 15 | 20 | 48 | -28 | 14 |
