| Standings | P | W | D | L | GD | PTS | |
|---|---|---|---|---|---|---|---|
| 1 | Arbroath | 18 | 8 | 3 | 7 | 2 | 27 |
| 2 | Cove Rangers | 18 | 9 | 3 | 6 | 18 | 30 |
| 3 | Queen of South | 18 | 3 | 5 | 10 | -6 | 14 |
| 4 | Stenhousemuir | 18 | 6 | 4 | 8 | -3 | 22 |
| 5 | Alloa Athletic | 18 | 6 | 8 | 4 | 5 | 26 |
| 6 | Kelty Hearts | 18 | 5 | 7 | 6 | 4 | 22 |
| 7 | Inverness CT | 18 | 9 | 3 | 6 | 3 | 30 |
| 8 | Montrose | 18 | 5 | 6 | 7 | -3 | 21 |
| 9 | Annan Athletic | 18 | 4 | 2 | 12 | -19 | 14 |
| 10 | Dumbarton | 18 | 4 | 6 | 8 | -5 | 18 |
