| Standings | P | W | D | L | GD | PTS |
|---|
| 1 | Stenhousemuir | 21 | 10 | 7 | 4 | 12 | 37 |
| 2 | Inverness CT | 19 | 12 | 3 | 4 | 20 | 34 |
| 3 | Queen of South | 21 | 10 | 4 | 7 | 4 | 34 |
| 4 | Alloa Athletic | 20 | 8 | 6 | 6 | 10 | 30 |
| 5 | Hamilton Academical | 20 | 10 | 4 | 6 | 13 | 28 |
| 6 | Peterhead | 20 | 8 | 2 | 10 | -12 | 26 |
| 7 | East Fife | 19 | 7 | 4 | 8 | -8 | 25 |
| 8 | Montrose | 19 | 7 | 3 | 9 | -9 | 24 |
| 9 | Cove Rangers | 20 | 4 | 5 | 11 | -4 | 17 |
| 10 | Kelty Hearts | 21 | 3 | 4 | 14 | -26 | 13 |
