The team continued the strong form they had ended the previous season in, and by Christmas were in third place, in touching distance of the top of the table.
However, a defeat to rivals Celtic on New Year's Day saw the club's form completely implode, and they only won four more league games all season.
Rangers again finished fourth in the league by a massive twenty-one point record behind champions Aberdeen.
This disappointment was not caused due to a lack of investment in the playing squad.
A solitary Iain Ferguson strike gave Rangers a 1–0 win.