| Place | Team | GP | Won | Draw | Lost | GF | GA | GD | Points |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Inverness CT | 26 | 16 | 6 | 4 | 44 | 16 | 28 | 49 |
| 2 | Stenhousemuir | 27 | 13 | 10 | 4 | 37 | 21 | 16 | 49 |
| 3 | Alloa Athletic | 26 | 12 | 7 | 7 | 37 | 20 | 17 | 43 |
| 4 | Queen of South | 27 | 11 | 6 | 10 | 41 | 37 | 4 | 39 |
| 5 | Peterhead | 25 | 10 | 5 | 10 | 37 | 45 | -8 | 35 |
| 6 | Montrose | 27 | 9 | 7 | 11 | 35 | 47 | -12 | 34 |
| 7 | East Fife | 27 | 8 | 4 | 15 | 26 | 48 | -22 | 28 |
| 8 | Cove Rangers | 27 | 5 | 8 | 14 | 29 | 35 | -6 | 23 |
| 9 | Hamilton Academical | 27 | 12 | 6 | 9 | 40 | 29 | 11 | 21 |
| 10 | Kelty Hearts | 27 | 3 | 9 | 15 | 23 | 51 | -28 | 18 |