| # | Team | P | W | D | L | Pts |
|---|---|---|---|---|---|---|
| 1 | Inverness CT | 26 | 16 | 6 | 4 | 49 |
| 2 | Stenhousemuir | 26 | 12 | 10 | 4 | 46 |
| 3 | Alloa Athletic | 26 | 12 | 7 | 7 | 43 |
| 4 | Queen of the South | 27 | 11 | 6 | 10 | 39 |
| 5 | Peterhead | 25 | 10 | 5 | 10 | 35 |
| 6 | Montrose | 26 | 9 | 6 | 11 | 33 |
| 7 | East Fife | 27 | 8 | 4 | 15 | 28 |
| 8 | Cove Rangers | 27 | 5 | 8 | 14 | 23 |
| 9 | Hamilton Academical | 26 | 12 | 6 | 8 | 21 |
| 10 | Kelty Hearts | 26 | 3 | 8 | 15 | 17 |