| Pos | Team | Pld | W | D | L | +/- | Pts | Form |
|---|---|---|---|---|---|---|---|---|
| 1 | Peterhead | 36 | 19 | 9 | 8 | 12 | 66 | WWLWL |
| 2 | East Fife | 36 | 20 | 5 | 11 | 28 | 65 | LWWLW |
| 3 | Edinburgh City | 36 | 17 | 5 | 14 | 7 | 56 | WLLLL |
| 4 | Elgin City | 36 | 16 | 7 | 13 | 7 | 55 | DWWWL |
| 5 | The Spartans | 36 | 15 | 7 | 14 | 1 | 52 | WWDDW |
| 6 | Stirling Albion | 36 | 14 | 6 | 16 | -7 | 48 | DLLWL |
| 7 | Clyde | 36 | 11 | 10 | 15 | -5 | 43 | LWLLW |
| 8 | Stranraer | 36 | 11 | 7 | 18 | -8 | 40 | WLWLD |
| 9 | Forfar Athletic | 36 | 8 | 12 | 16 | -13 | 36 | LDLDW |
| 10 | Bonnyrigg Rose | 36 | 12 | 6 | 18 | -22 | 36 | LLWWW |