| Pos | Team | Pld | W | D | L | +/- | Pts | Form |
|---|---|---|---|---|---|---|---|---|
| 1 |  Inverness CT | 34 | 20 | 10 | 4 | 35 | 65 | DDDWW |
| 2 |  Stenhousemuir | 34 | 16 | 13 | 5 | 20 | 61 | WDWDL |
| 3 |  Alloa Athletic | 34 | 15 | 8 | 11 | 16 | 53 | DLWLW |
| 4 |  Queen of the South | 34 | 13 | 11 | 10 | 8 | 50 | DDDWD |
| 5 |  Peterhead | 34 | 12 | 7 | 15 | -12 | 43 | DWLLD |
| 6 |  Montrose | 34 | 11 | 8 | 15 | -17 | 41 | DWLLL |
| 7 |  Cove Rangers | 34 | 8 | 10 | 16 | -5 | 34 | DLWLW |
| 8 |  East Fife | 34 | 9 | 7 | 18 | -27 | 34 | DDLWL |
| 9 |  Hamilton Academical | 34 | 15 | 7 | 12 | 11 | 31 | DLLWW |
| 10 |  Kelty Hearts | 34 | 5 | 11 | 18 | -29 | 26 | LWDWL |