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| # | Team | P | W | D | L | F | A | GD | PTS |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  Alloa Athletic | 10 | 4 | 5 | 1 | 11 | 9 | 2 | 17 |
| 2 |  Montrose | 10 | 4 | 4 | 2 | 11 | 6 | 5 | 16 |
| 3 |  Kelty Hearts | 10 | 4 | 3 | 3 | 17 | 10 | 7 | 15 |
| 4 |  Cove Rangers | 10 | 4 | 2 | 4 | 16 | 15 | 1 | 14 |
| 5 |  Stenhousemuir | 10 | 4 | 2 | 4 | 13 | 12 | 1 | 14 |
| 6 |  Queen of South | 10 | 4 | 2 | 4 | 9 | 11 | -2 | 14 |
| 7 |  Inverness CT | 10 | 2 | 6 | 2 | 7 | 7 | 0 | 12 |
| 8 |  Arbroath | 10 | 3 | 3 | 4 | 12 | 14 | -2 | 12 |
| 9 |  Annan Athletic | 10 | 3 | 1 | 6 | 7 | 16 | -9 | 10 |
| 10 |  Dumbarton | 10 | 1 | 6 | 3 | 14 | 17 | -3 | 9 |