| North | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Bluefield Orioles ** | BAL | 42 | 26 | .618 | -- | 423 | 335 | Bobby Dickerson | Bowen Field | 38,840 | Calvin Pickering (5) | Louis Fisher (10) | League Champions |
| 2 | Danville Braves | ATL | 37 | 29 | .561 | 4.0 | 348 | 296 | Brian Snitker | American Legion Field | 66,825 | Jeff Spencer (10) | Kevin McGlinchy (5) | |
| 3 | Burlington Indians | CLE | 29 | 38 | .433 | 12.5 | 303 | 348 | Harry Spilman | Burlington Athletic Stadi | 43,596 | Robert Landstad (8) | Mike Bacsik (7) | |
| 4 | Princeton Reds | CIN | 28 | 40 | .412 | 14.0 | 334 | 370 | Mark Wagner | H.P. Hunnicut Field | 26,162 | Brandon O'Hearn (6) | Ted Rose (21) | |
| 5 | Martinsville Phillies | PHI | 20 | 47 | .299 | 21.5 | 269 | 455 | Ramon Henderson | Hooker Field | 42,153 | Tommy Ferrand (39) | Urbano Quintana (12) | |
| South | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Kingsport Mets | NYM | 48 | 19 | .716 | -- | 412 | 246 | John Stephenson | Hunter Wright Stadium | 33,100 | Pee Wee Lopez (1) | Grant Roberts (1) | Lost in Finals |
| 2 | Johnson City Cardinals | STL | 42 | 26 | .618 | 6.5 | 465 | 396 | Steven Turco | Howard Johnson Field | 47,375 | Brent Butler (3) | Ruben Rosario (6) | |
| 3 | Elizabethton Twins | MIN | 40 | 27 | .597 | 8.0 | 372 | 323 | Jose Marzan | Joe O'Brien Field | 16,711 | Freddy Reyes (2) | Jeff Garff (3) | |
| 4 | Bristol White Sox | CHW | 17 | 51 | .250 | 31.5 | 254 | 437 | Nick Capra | Devault Memorial Stadium | 25,262 | Jeff Inglin (25) | Steve Schorzman (13) | |