| # | Player | Team | Goals | Penalty |
|---|---|---|---|---|
| 1 |
Gavin Swankie
|
Arbroath | 21 | 0 |
| 2 |
Darren Gribben
|
Berwick Rangers | 17 | 1 |
| 3 |
Armand One
|
Stranraer | 17 | 0 |
| 4 |
Steven Doris
|
Arbroath | 16 | 5 |
| 5 |
Ian Harty
|
Annan Athletic | 14 | 2 |
| 6 |
Scott Agnew
|
Stranraer | 13 | 4 |
| 7 |
Craig Malcolm
|
Stranraer | 13 | 0 |
| 8 |
Paul Tosh
|
Montrose | 12 | 6 |
| 9 |
Jason Crooks
|
Elgin City | 11 | 3 |
| 10 |
Craig Gunn
|
Elgin City | 9 | 1 |
| 11 |
Robert Love
|
Albion Rovers | 9 | 0 |
| 12 |
Marc McCusker
|
Clyde | 9 | 2 |
| 13 |
Damon Gray
|
Berwick Rangers | 8 | 0 |
| 14 |
Jamie Longworth
|
Queen's Park | 8 | 0 |
| 15 |
John Stewart
|
Clyde | 8 | 2 |
| 16 |
Scott Chaplain
|
Albion Rovers | 7 | 1 |
| 17 |
Paul Currie
|
Berwick Rangers | 7 | 1 |
| 18 |
Bryan Gilfillan
|
Annan Athletic | 7 | 0 |
| 19 |
Sean Winter
|
Stranraer | 7 | 0 |
| 20 |
Kevin Cawley
|
East Stirlingshire | 6 | 0 |