| Division Three | |||||||||
| Pos | Team | P | W | D | L | F | A | GD | Pts |
| 1 | Plymouth Argyle | 46 | 31 | 9 | 6 | 71 | 28 | 43 | 102 |
| 2 | Luton Town (R) | 46 | 30 | 7 | 9 | 96 | 48 | 48 | 97 |
| 3 | Mansfield Town | 46 | 24 | 7 | 15 | 72 | 60 | 12 | 79 |
| 4 | Cheltenham Town | 46 | 21 | 15 | 10 | 66 | 49 | 17 | 78 |
| 5 | Rochdale | 46 | 21 | 15 | 10 | 65 | 52 | 13 | 78 |
| 6 | Rushden & Diamonds (P) | 46 | 20 | 13 | 13 | 69 | 53 | 16 | 73 |
| 7 | Hartlepool United | 46 | 20 | 11 | 15 | 74 | 48 | 26 | 71 |
| 8 | Scunthorpe United | 46 | 19 | 14 | 13 | 74 | 56 | 18 | 71 |
| 9 | Shrewsbury Town | 46 | 20 | 10 | 16 | 64 | 53 | 11 | 70 |
| 10 | Kidderminster Harriers | 46 | 19 | 9 | 18 | 56 | 47 | 9 | 66 |
| 11 | Hull City | 46 | 16 | 13 | 17 | 57 | 51 | 6 | 61 |
| 12 | Southend United | 46 | 15 | 13 | 18 | 51 | 54 | -3 | 58 |
| 13 | Macclesfield Town | 46 | 15 | 13 | 18 | 41 | 52 | -11 | 58 |
| 14 | York City | 46 | 16 | 9 | 21 | 54 | 67 | -13 | 57 |
| 15 | Darlington | 46 | 15 | 11 | 20 | 60 | 71 | -11 | 56 |
| 16 | Exeter City | 46 | 14 | 13 | 19 | 48 | 73 | -25 | 55 |
| 17 | Carlisle United | 46 | 12 | 16 | 18 | 48 | 56 | -8 | 52 |
| 18 | Leyton Orient | 46 | 13 | 13 | 20 | 55 | 71 | -16 | 52 |
| 19 | Torquay United | 46 | 12 | 15 | 19 | 46 | 63 | -17 | 51 |
| 20 | Swansea City (R) | 46 | 13 | 12 | 21 | 53 | 76 | -23 | 51 |
| 21 | Oxford United (R) | 46 | 11 | 14 | 21 | 53 | 62 | -9 | 47 |
| 22 | Lincoln City | 46 | 10 | 16 | 20 | 44 | 62 | -18 | 46 |
| 23 | Bristol Rovers (R) | 46 | 11 | 12 | 23 | 40 | 60 | -20 | 45 |
| 24 | Halifax Town | 46 | 8 | 12 | 26 | 39 | 84 | -45 | 36 |