| # | Team | MP | W | WO | LO | L | G | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Roanoke Dawgs | 29 | 15 | 4 | 2 | 8 | 90:72 | 40 | |
| 2. | Peoria Rivermen | 29 | 15 | 3 | 2 | 9 | 77:51 | 38 | |
| 3. | Huntsville Havoc | 29 | 13 | 2 | 2 | 12 | 76:76 | 32 | |
| 4. | Birmingham Bulls | 29 | 7 | 8 | 2 | 12 | 76:82 | 32 | |
| 5. | Macon Mayhem | 29 | 9 | 4 | 5 | 11 | 67:82 | 31 | |
| 6. | Evansville Thunderbolts | 29 | 10 | 3 | 4 | 12 | 71:73 | 30 | |
| 7. | Quad City Storm | 29 | 10 | 3 | 3 | 13 | 76:80 | 29 | |
| 8. | Pensacola Ice Flyers | 29 | 11 | 2 | 3 | 13 | 79:101 | 29 | |
| 9. | Knoxville Ice Bears | 29 | 9 | 2 | 3 | 15 | 71:99 | 25 | |
| 10. | Fayetteville Marksmen | 29 | 9 | 0 | 3 | 17 | 69:94 | 21 |