Manager Alex McLeish made several summer signings, with the signature of Frenchman Jean-Alain Boumsong being his biggest coup.
Others included strikers Dado Prso and Nacho Novo, as well as the experienced midfielder Alex Rae and future Ibrox favourite Marvin Andrews.
Rangers form improved following the loss to Celtic and they weren't to lose again in the league until April.
After losing to CSKA Moscow in the third qualifying round of the Champions League, Rangers entered the UEFA Cup.
Rangers managed to qualify for the newly formed group stages with a penalty shoot-out win over Maritimo.