| Standings | P | W | D | L | GD | PTS | |
|---|---|---|---|---|---|---|---|
| 1 | Inverness CT | 10 | 8 | 1 | 1 | 17 | 25 |
| 2 | Stenhousemuir | 12 | 6 | 5 | 1 | 12 | 23 |
| 3 | Queen of South | 12 | 7 | 3 | 2 | 10 | 24 |
| 4 | Alloa Athletic | 12 | 5 | 5 | 2 | 9 | 20 |
| 5 | Montrose | 10 | 5 | 0 | 5 | -7 | 15 |
| 6 | Peterhead | 11 | 5 | 2 | 4 | 1 | 17 |
| 7 | East Fife | 12 | 4 | 2 | 6 | -5 | 14 |
| 8 | Hamilton Academical | 10 | 7 | 1 | 2 | 12 | 22 |
| 9 | Cove Rangers | 10 | 1 | 3 | 6 | -7 | 6 |
| 10 | Kelty Hearts | 12 | 0 | 3 | 9 | -22 | 3 |
