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Scottish Third Division
Season	1994–95
Champions	Forfar Athletic
Promoted	Forfar Athletic; Montrose
Relegated	n/a
Matches played	180
Goals scored	526 (2.92 per match)
Biggest home win	Ross County 6–0 Alloa Athletic; (11 February 1995)
Biggest away win	Five games by 4 goals[A]
Highest scoring	Cowdenbeath 6–2 Arbroath; (20 August 1994)
Longest winning run	7 games; Arbroath; Forfar Athletic; Ross County
Longest unbeaten run	11 games; Forfar Athletic; Montrose
Longest winless run	10 games; Albion Rovers; Queen's Park
Longest losing run	9 games; Cowdenbeath
	1995–96 →

The 1994–95 Scottish Football League Third Division was the 1st season of the league since its demise at the end of the 1954–55 season. The league was created from the bottom 8 clubs of the 1993–94 Second Division plus two new entrants from the Highland Football League, Caledonian Thistle of Inverness and Ross County from Dingwall. The season started on 12 August 1994 and ended on 12 May 1995. Forfar Athletic finished top and were promoted alongside runners-up Montrose. Albion Rovers finished bottom.

Teams for 1994–95

Location of teams in 1994–95 Scottish Third Division

The bottom eight clubs from the 1993–94 Second Division were moved and effectively relegated to create the new Third Division. The teams were Alloa Athletic, Forfar Athletic, East Stirlingshire, Montrose, Queen's Park, Arbroath, Albion Rovers and Cowdenbeath. Two new clubs were admitted to the Scottish Football League from the Highland Football League in the form of Caledonian Thistle and Ross County to complete the 10 teams.

Relegated from Second Division to create the new Third Division

Pos	Team	Pld	W	D	L	GF	GA	GD	Pts	Promotion
1	Forfar Athletic (C, P)	36	25	5	6	67	33	+34	80	Promotion to the Second Division
2	Montrose (P)	36	20	7	9	69	32	+37	67	Promotion to the Second Division
3	Ross County	36	18	6	12	59	44	+15	60
4	East Stirlingshire	36	18	5	13	61	50	+11	59
5	Alloa Athletic	36	15	9	12	50	45	+5	54
6	Caledonian Thistle	36	12	9	15	48	61	−13	45
7	Arbroath	36	13	5	18	51	62	−11	44
8	Queen's Park	36	12	6	18	46	57	−11	42
9	Cowdenbeath	36	11	7	18	48	60	−12	40
10	Albion Rovers	36	5	3	28	27	82	−55	18

Source: Soccerway
Rules for classification: 1) points; 2) goal difference; 3) number of goals scored.
(C) Champions; (P) Promoted

A. ^ Albion Rovers 0–4 Alloa Athletic (13 August 1994); Caledonian Thistle 0–4 Queen's Park (20 August 1994); Queen's Park 0–4 Arbroath (19 November 1994); Caledonian Thistle 0–4 Montrose (14 February 1995); Cowdenbeath 0–4 Montrose (6 May 1995).