| P | W | D | L | CS | FtS | F | A | GD | Pt | PPG | ||
| 1 | Falkirk | 39 | 19 | 12 | 8 | 17 | 10 | 65 | 35 | +30 | 50 | 1.28 |
| 2 | East Stirlingshire | 39 | 21 | 7 | 11 | 10 | 9 | 55 | 40 | +15 | 49 | 1.26 |
| 3 | Forfar Athletic | 39 | 19 | 8 | 12 | 11 | 10 | 63 | 51 | +12 | 46 | 1.18 |
| 4 | Albion Rovers | 39 | 16 | 12 | 11 | 9 | 6 | 73 | 56 | +17 | 44 | 1.13 |
| 5 | Queen's Park | 39 | 16 | 9 | 14 | 13 | 9 | 59 | 47 | +12 | 41 | 1.05 |
| 6 | Stenhousemuir | 39 | 16 | 9 | 14 | 9 | 9 | 56 | 51 | +5 | 41 | 1.05 |
| 7 | Brechin City | 39 | 15 | 10 | 14 | 9 | 6 | 61 | 59 | +2 | 40 | 1.03 |
| 8 | Cowdenbeath | 39 | 14 | 12 | 13 | 10 | 8 | 54 | 52 | +2 | 40 | 1.03 |
| 9 | Montrose | 39 | 14 | 10 | 15 | 6 | 6 | 60 | 63 | -3 | 38 | 0.97 |
| 10 | East Fife | 39 | 12 | 9 | 18 | 8 | 12 | 45 | 57 | -12 | 33 | 0.85 |
| 11 | Stranraer | 39 | 12 | 8 | 19 | 8 | 11 | 51 | 65 | -14 | 32 | 0.82 |
| 12 | Livingston | 39 | 12 | 8 | 19 | 7 | 14 | 42 | 70 | -28 | 32 | 0.82 |
| 13 | Queen of the South | 39 | 11 | 9 | 19 | 9 | 7 | 51 | 69 | -18 | 31 | 0.79 |
| 14 | Alloa Athletic | 39 | 11 | 7 | 21 | 6 | 15 | 44 | 64 | -20 | 29 | 0.74 |
2 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
