| Pos. | Team | GP | Pts | GF | GA | |
| 1 | Stenhousemuir FC | 36 | 68 | 50 | 31 | |
| 2 | Peterhead FC | 36 | 60 | 58 | 39 | |
| 3 | Spartans FC | 36 | 58 | 53 | 43 | |
| 4 | Dumbarton FC | 36 | 57 | 56 | 44 | |
| 5 | East Fife | 36 | 44 | 46 | 47 | |
| 6 | Forfar Athletic | 36 | 42 | 38 | 45 | |
| 7 | Elgin City | 36 | 40 | 35 | 59 | |
| 8 | Bonnyrigg Rose | 36 | 39 | 47 | 48 | |
| 9 | Clyde FC | 36 | 38 | 46 | 58 | |
| 10 | Stranraer FC | 36 | 36 | 38 | 53 |
Promotion
Promotion P/O
Relegation P/O