| Standings | P | W | D | L | GD | PTS |
|---|
| 1 | Arbroath | 36 | 19 | 7 | 10 | 16 | 64 |
| 2 | Cove Rangers | 36 | 16 | 9 | 11 | 18 | 57 |
| 3 | Queen of South | 36 | 16 | 7 | 13 | 5 | 55 |
| 4 | Stenhousemuir | 36 | 15 | 8 | 13 | 3 | 53 |
| 5 | Alloa Athletic | 36 | 13 | 12 | 11 | 8 | 51 |
| 6 | Kelty Hearts | 36 | 11 | 11 | 14 | -6 | 44 |
| 7 | Inverness CT | 36 | 16 | 10 | 10 | 7 | 43 |
| 8 | Montrose | 36 | 9 | 13 | 14 | -9 | 40 |
| 9 | Annan Athletic | 36 | 10 | 6 | 20 | -27 | 36 |
| 10 | Dumbarton | 36 | 8 | 11 | 17 | -15 | 20 |
