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Pos	Team	Played	Won	Drawn	Lost	For	Ag	Diff	Points	Won	Drawn	Lost	For	Ag	Diff	Points	Won	Drawn	Lost	For	Ag	Diff	Points
1	Inverness CT	34	20	10	4	57	22	35	65	12	4	1	36	11	25	40	8	6	3	21	11	10	30
2	Stenhousemuir	34	16	13	5	47	27	20	61	9	7	1	30	12	18	34	7	6	4	17	15	2	27
3	Alloa Athletic	34	15	8	11	49	33	16	53	8	6	3	27	13	14	30	7	2	8	22	20	2	23
4	Queen of the South	34	13	11	10	52	44	8	50	8	5	4	29	20	9	29	5	6	6	23	24	-1	21
5	Peterhead	34	12	7	15	47	59	-12	43	7	4	6	29	27	2	25	5	3	9	18	32	-14	18
6	Montrose	34	11	8	15	46	63	-17	41	8	2	7	25	32	-7	26	3	6	8	21	31	-10	15
7	Hamilton Academicals	34	15	7	12	50	39	11	37	9	2	6	23	14	9	29	6	5	6	27	25	2	23
8	Cove Rangers	34	8	10	16	39	44	-5	34	4	6	7	17	20	-3	18	4	4	9	22	24	-2	16
9	East Fife	34	9	7	18	33	60	-27	34	6	3	8	18	26	-8	21	3	4	10	15	34	-19	13
10	Kelty Hearts	34	5	11	18	31	60	-29	26	1	7	9	11	31	-20	10	4	4	9	20	29	-9	16