| # | Team | MP | W | WO | LO | L | G | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1. | Roanoke Dawgs | 28 | 17 | 4 | 3 | 4 | 122:74 | 45 | |
| 2. | Peoria Rivermen | 28 | 20 | 1 | 2 | 5 | 111:57 | 44 | |
| 3. | Fayetteville Marksmen | 28 | 15 | 4 | 5 | 4 | 91:76 | 43 | |
| 4. | Huntsville Havoc | 28 | 15 | 4 | 2 | 7 | 104:70 | 40 | |
| 5. | Birmingham Bulls | 28 | 14 | 4 | 2 | 8 | 96:74 | 38 | |
| 6. | Knoxville Ice Bears | 28 | 10 | 5 | 5 | 8 | 82:82 | 35 | |
| 7. | Quad City Storm | 28 | 13 | 3 | 2 | 10 | 88:78 | 34 | |
| 8. | Evansville Thunderbolts | 28 | 9 | 3 | 6 | 10 | 82:84 | 30 | |
| 9. | Macon Mayhem | 28 | 11 | 1 | 1 | 15 | 70:80 | 25 | |
| 10. | Pensacola Ice Flyers | 28 | 5 | 3 | 6 | 14 | 77:91 | 22 |