| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Raith Rovers | 16 | 6 | 6 | 4 | 5 | 3 | 26 | 19 | +7 | 24 | 1.50 |
| 2 | Ayr United | 16 | 6 | 6 | 4 | 5 | 5 | 22 | 20 | +2 | 24 | 1.50 |
| 3 | Brechin City | 16 | 6 | 4 | 6 | 3 | 3 | 21 | 28 | -7 | 22 | 1.38 |
| 4 | Stirling Albion | 16 | 4 | 7 | 5 | 2 | 2 | 20 | 21 | -1 | 19 | 1.19 |
| 5 | Peterhead | 16 | 3 | 7 | 6 | 3 | 5 | 22 | 23 | -1 | 16 | 1.00 |
| 6 | Alloa Athletic | 20 | 5 | 5 | 10 | 3 | 6 | 25 | 37 | -12 | 20 | 1.00 |
| 7 | Arbroath | 20 | 3 | 5 | 12 | 5 | 6 | 19 | 30 | -11 | 14 | 0.70 |
| 8 | Queen's Park | 20 | 3 | 5 | 12 | 2 | 9 | 16 | 33 | -17 | 14 | 0.70 |
| 9 | East Fife | 20 | 3 | 3 | 14 | 3 | 12 | 12 | 31 | -19 | 12 | 0.60 |
| 10 | Stranraer | 20 | 2 | 0 | 18 | 1 | 9 | 15 | 53 | -38 | 6 | 0.30 |
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
