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Exhibit 10.7.4

Fourth Amendment to Ballantyne of Omaha, Inc.
1995 Stock Option Plan

        The Ballantyne of Omaha, Inc. 1995 Stock Option Plan is hereby amended
as follows:

1.Section 9(i) of the Plan, Termination of Options, is hereby amended at
subparagraph (iii) to read as follows:

"(iii)in the event a Participant is no longer a Director, Officer or Employee
other than for the reasons set forth in Section 9 (i)(i), or 9(i)(ii), all
Options which remain unvested at the time the Participant is no longer a
Director, Officer or Employee, as the case may be, shall expire immediately. All
Options granted prior to December 12, 2001, and which have vested prior to the
time the Participant's status as a Director, Officer or Employee is terminated,
shall expire twelve months after such termination, unless by their terms they
expire sooner. All Options granted on or after December 12, 2001, and which have
vested prior to the time the Participant's status as a Director, Officer or
Employee is terminated, shall expire three months after such termination, unless
by their terms they expire sooner. Notwithstanding, the foregoing, the time by
which any options granted hereunder must be exercised may be extended by the
Committee."

2.All other terms, conditions and provisions of said Plan as heretofore amended,
shall remain the same.

        DATED this 12th day of December, 2001.

    BALLANTYNE OF OMAHA, INC.
 
 
By:
 
/s/  JOHN WILMERS      

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John Wilmers, President

 
 
Attest:
 
/s/  BRAD FRENCH      

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Brad French, Secretary

        I hereby certify that the above amendment to the Ballantyne of
Omaha, Inc., 1995 Stock Option Plan was approved by the Board of Directors of
the corporation at the regular quarterly meeting of the Board of Directors duly
called and held on the 12th day of December, 2001.

        DATED at Omaha, Nebraska, this 12th day of December, 2001.

        /s/  BRAD FRENCH      

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Brad French, Secretary

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Exhibit 10.7.4

Fourth Amendment to Ballantyne of Omaha, Inc. 1995 Stock Option Plan