| Northern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Wilmington Blue Rocks ** | KC | 80 | 60 | .571 | -- | 637 | 595 | John Mizerock | Daniel S. Frawley Stadium | 335,309 | Sean McNally (11) | Phil Grundy (2) | League Champions |
| 2 | Frederick Keys | BAL | 67 | 72 | .482 | 12.5 | 648 | 719 | Tim Blackwell, Julio Garcia | Harry Grove Stadium | 258,427 | Johnny Isom (5) | Julio Moreno (4) | |
| 3 | Lynchburg Hillcats | PIT | 65 | 74 | .468 | 14.5 | 730 | 704 | Jeff Banister | Lynchburg City Stadium | 100,016 | Jose Guillen (2) | Kevin Pickford (1) | |
| 4 | Prince William Cannons | CHW | 58 | 80 | .420 | 21.0 | 603 | 668 | Dave Huppert | G. Richard Pfitzner Stadi | 190,055 | Juan Thomas (1) | Russ Herbert (8) | |
| Southern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Kinston Indians | CLE | 76 | 82 | .481 | 9.5 | 635 | 566 | Jack Mull | Grainger Stadium | 145,493 | Chip Glass (19) | Ted Warrecker (15) | Lost in Finals |
| 2 | Winston-Salem Warthogs | CIN | 74 | 65 | .532 | -- | 641 | 643 | Phillip Wellman | Ernie Shore Field | 154,132 | Decomba Conner (4) | Clay Caruthers (6) | |
| 3 | Durham Bulls | ATL | 73 | 66 | .525 | 1.0 | 702 | 630 | Randy Ingle | Durham Bulls Athletic Par | 365,445 | Michael Eaglin (8) | Derrin Ebert (5) | Lost in Semi-Finals |
| 4 | Salem Avalanche | COL | 62 | 76 | .449 | 11.5 | 585 | 656 | Bill McGuire | Salem Municipal Stadium | 173,703 | Nate Holdren (13) | Mike Vavrek (10) | |