| Northern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Prince William Cannons | CHW | 84 | 76 | .525 | 11.0 | 572 | 594 | Dave Huppert | G. Richard Pfitzner Stadi | 215,250 | Harold Williams (5) | Rich Pratt (7) | Lost in Semi-Finals |
| 2 | Wilmington Blue Rocks | KC | 83 | 55 | .601 | -- | 550 | 459 | John Mizerock | Daniel S. Frawley Stadium | 358,766 | Anthony Medrano (15) | Glendon Rusch (1) | Lost in Finals |
| 3 | Lynchburg Hillcats | PIT | 67 | 71 | .486 | 16.0 | 669 | 640 | Marc Hill | Lynchburg City Stadium | 111,654 | Reed Secrist (10) | Chris Peters (2) | |
| 4 | Frederick Keys | BAL | 58 | 79 | .423 | 24.5 | 497 | 688 | Mike O'Berry | Harry Grove Stadium | 300,968 | Tommy Davis (11) | Calvin Maduro (16) | |
| Southern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Kinston Indians ** | CLE | 81 | 56 | .591 | -- | 605 | 500 | Gordon MacKenzie | Grainger Stadium | 140,116 | Richie Sexson (1) | Jay Vaught (4) | League Champions |
| 2 | Winston-Salem Warthogs | CIN | 69 | 68 | .504 | 12.0 | 601 | 545 | Mark Berry | Ernie Shore Field | 158,842 | Chris Sexton (8) | Jason Robbins (5) | |
| 3 | Salem Avalanche | COL | 68 | 72 | .486 | 14.5 | 619 | 667 | Bill Hayes | Salem Municipal Stadium | 140,111 | Edgard Clemente (2) | Jamey Wright (8) | |
| 4 | Durham Bulls | ATL | 63 | 76 | .453 | 19.0 | 579 | 650 | Matt West | Durham Bulls Athletic Par | 390,486 | Randall Simon (19) | Ryan Jacobs (12) | |