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Football League Fourth
Division 1977/78
| Pos | Club | Pld | W | D | L | F | A | GD | Pts | Notes |
| 1st | Watford | 46 | 30 | 11 | 5 | 85 | 38 | +47 | 71 | ▲Champions |
| 2nd |
Southend United |
46 | 25 | 10 | 11 | 66 | 39 | +27 | 60 | ▲Runners Up |
| 3rd | Swansea City | 46 | 23 | 10 | 13 | 87 | 47 | +40 | 56 | ▲Promoted |
| 4th | Brentford | 46 | 21 | 14 | 11 | 86 | 54 | +32 | 56 | ▲Promoted |
| 5th | Aldershot | 46 | 19 | 16 | 11 | 67 | 47 | +20 | 54 | - |
| 6th | Grimsby Town | 46 | 21 | 11 | 14 | 57 | 51 | +6 | 53 | - |
| 7th | Barnsley | 46 | 18 | 14 | 14 | 61 | 49 | +12 | 50 | - |
| 8th | Reading | 46 | 18 | 14 | 14 | 55 | 52 | +3 | 50 | - |
| 9th | Torquay United | 46 | 16 | 15 | 15 | 57 | 56 | +1 | 47 | - |
| 10th | Northampton Town | 46 | 17 | 13 | 16 | 63 | 68 | -5 | 47 | - |
| 11th | Huddersfield Town | 46 | 15 | 15 | 16 | 63 | 55 | +8 | 45 | - |
| 12th | Doncaster Rovers | 46 | 14 | 17 | 15 | 52 | 65 | -13 | 45 | - |
| 13th |
Wimbledon |
46 | 14 | 16 | 16 | 66 | 67 | -1 | 44 |
- |
| 14th | Scunthorpe United | 46 | 14 | 16 | 16 | 50 | 55 | -5 | 44 |
- |
| 15th | Crewe Alexandra | 46 | 15 | 14 | 17 | 50 | 69 | -19 | 44 |
- |
| 16th | Newport County | 46 | 16 | 11 | 19 | 65 | 73 | -8 | 43 |
- |
| 17th | AFC Bournemouth | 46 | 14 | 15 | 17 | 41 | 51 | -10 | 43 |
- |
| 18th | Stockport County | 46 | 16 | 10 | 20 | 56 | 56 | 0 | 42 | - |
| 19th | Darlington | 46 | 14 | 13 | 19 | 52 | 59 | -7 | 41 | - |
| 20th | Halifax Town | 46 | 10 | 21 | 15 | 52 | 62 | -10 | 41 | - |
| 21st | Hartlepool United | 46 | 15 | 7 | 24 | 51 | 84 | -33 | 37 | ♦Re Elected |
| 22nd | York City | 46 | 12 | 12 | 22 | 50 | 69 | -19 | 36 | ♦Re Elected |
| 23rd |
Southport |
46 | 6 | 19 | 21 | 52 | 76 | -24 | 31 | ▼Not Re Elected |
| 24th | Rochdale | 46 | 8 | 8 | 30 | 43 | 85 | -42 | 24 | ♦Re Elected |
|
Election for League Membership |
||
| Non-Leaguers Bath City & Wigan Athletic challenged the four league sides facing re-election in the vote for league membership. | ||
| Votes | Club | End Result |
| 49 | York City | Re Elected to the League |
| 39 | Rochdale | Re Elected to the League |
| 33 | Hartlepool United | Re Elected to the League |
| 26 | Southport | 2nd Ballot |
| 26 | Wigan Athletic | 2nd Ballot |
| 23 | Bath City | Not Elected to the League |
|
Election for League Membership - 2nd Ballot |
||
| After drawing 26-26 on votes Southport & Wigan Athletic went to a 2nd Ballot: | ||
| Votes | Club | End Result |
| 29 | Wigan Athletic | ▲Elected to the League |
| 20 | Southport | ▼Not Re Elected to the League |
|
End of Season Notes |
| ▼Port Vale were Relegated from the Football League Third Division |
| ▼Bradford City were relegated from the Football League Third Division |
| ▼Hereford United were relegated from the Football League Third Division |
| ▼Portsmouth were relegated from the Football League Third Division |
| ▲Watford were Promoted to the Football League Third Division |
| ▲Southend United were promoted to the Football League Third Division |
| ▲Swansea City were promoted to the Football League Third Division |
| ▲Brentford were promoted to the Football League Third Division |
| ♦ Hartlepool United were Re-Elected to the League |
| ♦ York City were Re-Elected to the League |
| ♦ Rochdale were Re-Elected to the League |
| ▼Southport were Not Re-Elected to the League |
| ▲Wigan Athletic were Elected to the League |