| East | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Arkansas Travelers | STL | 80 | 60 | .571 | -- | 787 | 707 | Chris Maloney | Ray Winder Field | 190,987 | Tyrone Horne (3) | Jose Jimenez (3) | Lost in Semi-Finals |
| 2 | Tulsa Drillers ** | TEX | 78 | 62 | .557 | 2.0 | 757 | 648 | Bob Jones | Drillers Stadium | 345,097 | Jason Conti (5) | Ryan Glynn (2) | League Champions |
| 3 | Jackson Generals | HOU | 70 | 70 | .500 | 10.0 | 725 | 691 | Jim Pankovits | Smith-Wills Stadium | 110,595 | Lance Berkman (7) | Paul O'Malley (9) | |
| 4 | Shreveport Captains | SF | 57 | 83 | .407 | 23.0 | 574 | 668 | Mike Hart | Fair Grounds Field | 161,940 | Frank Charles (29) | Eddie Oropesa (11) | |
| West | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Wichita Wranglers | KC | 75 | 65 | .536 | -- | 857 | 861 | John Mizerock | Lawrence-Dumont Stadium | 155,353 | Carlos Febles (4) | Stephen Prihoda (15) | Lost in Finals |
| 2 | El Paso Diablos | MIL | 69 | 71 | .493 | 6.0 | 835 | 912 | Ed Romero | Cohen Stadium | 296,609 | Toby Kominek (2) | Valerio De Los Santos (27) | |
| 3 | San Antonio Missions | LAD | 67 | 73 | .479 | 8.0 | 689 | 698 | Lance Parrish, Ron Roenicke | Nelson W. Wolff Municipal | 387,715 | Angel Pena (8) | Toby Dollar (10) | Lost in Semi-Finals |
| 4 | Midland Angels | ANA | 64 | 76 | .457 | 11.0 | 811 | 849 | Don Long | Angels Stadium | 190,076 | Keith Luuloa (1) | Matt Wise (1) | |