| Standings | P | W | D | L | GD | PTS | |
|---|---|---|---|---|---|---|---|
| 1 | Inverness CT | 22 | 14 | 4 | 4 | 24 | 41 |
| 2 | Stenhousemuir | 23 | 11 | 8 | 4 | 14 | 41 |
| 3 | Queen of South | 23 | 11 | 5 | 7 | 8 | 38 |
| 4 | Alloa Athletic | 23 | 9 | 7 | 7 | 11 | 34 |
| 5 | Montrose | 21 | 8 | 3 | 10 | -11 | 27 |
| 6 | Peterhead | 21 | 8 | 3 | 10 | -12 | 27 |
| 7 | East Fife | 22 | 7 | 4 | 11 | -15 | 25 |
| 8 | Hamilton Academical | 22 | 11 | 5 | 6 | 15 | 23 |
| 9 | Cove Rangers | 22 | 4 | 6 | 12 | -6 | 18 |
| 10 | Kelty Hearts | 23 | 3 | 5 | 15 | -28 | 14 |
