| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Raith Rovers | 14 | 9 | 4 | 1 | 6 | 2 | 25 | 10 | +15 | 31 | 2.21 |
| 2 | Brechin City | 14 | 9 | 4 | 1 | 2 | 1 | 25 | 17 | +8 | 31 | 2.21 |
| 3 | Ayr United | 14 | 8 | 4 | 2 | 5 | 2 | 26 | 15 | +11 | 28 | 2.00 |
| 4 | Peterhead | 14 | 6 | 3 | 5 | 5 | 5 | 21 | 14 | +7 | 21 | 1.50 |
| 5 | East Fife | 14 | 5 | 4 | 5 | 6 | 4 | 16 | 14 | +2 | 19 | 1.36 |
| 6 | Stirling Albion | 14 | 3 | 6 | 5 | 1 | 3 | 19 | 22 | -3 | 15 | 1.07 |
| 7 | Alloa Athletic | 14 | 4 | 2 | 8 | 1 | 4 | 20 | 29 | -9 | 14 | 1.00 |
| 8 | Queen's Park | 14 | 2 | 6 | 6 | 3 | 5 | 11 | 20 | -9 | 12 | 0.86 |
| 9 | Stranraer | 14 | 2 | 4 | 8 | 2 | 3 | 17 | 31 | -14 | 10 | 0.71 |
| 10 | Arbroath | 14 | 2 | 3 | 9 | 1 | 3 | 17 | 25 | -8 | 9 | 0.64 |
3 points for a win
Points per game, average goal difference then average goals scored applies
Points per game, average goal difference then average goals scored applies
