| Pos | Club | P | W | D | L | F | A | GD | Pts |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  Elgin City | 22 | 12 | 2 | 8 | 39 | 28 | 11 | 38 |
| 2 |  Stranraer | 22 | 11 | 5 | 6 | 36 | 25 | 11 | 38 |
| 3 |  Stenhousemuir | 22 | 7 | 5 | 10 | 25 | 35 | -10 | 26 |
| 4 |  Brechin City | 22 | 2 | 4 | 16 | 13 | 46 | -33 | 10 |
| 5 |  Cove Rangers | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 |  Montrose | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pos | Club | P | W | D | L | Pts |
|---|---|---|---|---|---|---|
| 1 |  Inverness CT | 12 | 9 | 1 | 2 | 23* |
| 2 | Stenhousemuir | 12 | 6 | 4 | 2 | 22 |
| 3 |  Alloa Athletic | 12 | 6 | 2 | 4 | 20 |
| 4 |  Peterhead | 12 | 6 | 1 | 5 | 19 |
| 5 |  East Fife | 12 | 5 | 4 | 3 | 19 |
| 6 |  Queen of the South | 12 | 5 | 2 | 5 | 17 |
| 7 |  Hamilton | 12 | 6 | 3 | 3 | 15* |
| 8 | Montrose | 12 | 3 | 2 | 7 | 11 |
| 9 |  Kelty Hearts | 12 | 2 | 1 | 9 | 7 |
| 10 | Cove Rangers | 12 | 1 | 2 | 9 | 5 |
