Exhibit 10.1

                                CORVU CORPORATION

                             1996 STOCK OPTION PLAN
                     (AS AMENDED THROUGH DECEMBER 18, 2003)

                                   SECTION 1.
                                   DEFINITIONS
                                   -----------

As used herein, the following terms shall have the meanings indicated below:

(a) "Affiliates" shall mean a Parent or Subsidiary of the Company.

(b) "Committee" shall mean a Committee of two or more directors who shall be
appointed by and serve at the pleasure of the Board. In the event the Company's
securities are registe"red pursuant to Section 12 of the Securities Exchange Act
of 1934, as amended, each of the members of the Committee shall be a
"Non-Employee Director" within the meaning of Rule 16b-3, or any successor
provision, as then in effect, of the General Rules and Regulations under the
Securities Exchange Act of 1934 as amended.

(c) The "Company" shall mean CorVu Corporation, a Minnesota corporation.

(d) "Fair Market Value" shall mean (i) if such stock is reported in the national
market system or is listed upon an established stock exchange or exchanges, the
reported closing price of such stock in such national market system or on such
stock exchange or exchanges on the date the option is granted or, if no sale of
such stock shall have occurred on that date, on the next preceding day on which
there was a sale of stock; (ii) if such stock is not so reported in the national
market system or listed upon an established stock exchange, the average of the
closing "bid" and "asked" prices quoted by a recognized specialist in the Common
Stock of the Company on the date the option is granted, or if there are no
quoted "bid" and "asked" prices on such date, on the next preceding date for
which there are such quotes; or (iii) if such stock is not publicly traded as of
the date the option is granted, the per share value as determined by the Board,
in its sole discretion by applying principles of valuation with respect to all
such options.

(e) The "Internal Revenue Code" is the Internal Revenue Code of 1986, as amended
from time to time.

(f) "Option Stock" shall mean Common Stock of the Company (subject to adjustment
as described in Section 12) reserved for options pursuant to this Plan.

(g) The "Optionee" for purposes of Section 9 is an employee of the Company or
any Subsidiary to whom an incentive stock option has been granted under the
Plan. For purposes of Section 10, the "Optionee" is the consultant or advisor to
or director, employee or officer of the Company or any Subsidiary to whom a
nonqualified stock option has been granted.

(h) "Parent" shall mean any corporation which owns, directly or indirectly in an
unbroken chain, fifty percent (50%) or more of the total voting power of the
Company's outstanding stock.

(i) The "Plan" means the CorVu Corporation 1996 Stock Option Plan, as amended
hereafter from time to time, including the form of Option Agreements as they may
be modified by the Board from time to time.

(j) A "Subsidiary" shall mean any corporation of which fifty percent (50%) or
more of the total voting power of outstanding stock is owned, directly or
indirectly in an unbroken chain, by the Company.


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<PAGE>

                                   SECTION 2.
                                     PURPOSE
                                     -------

      The purpose of the Plan is to promote the success of the Company and its
Subsidiaries by facilitating the employment and retention of competent personnel
and by furnishing incentive to officers, directors, employees, consultants, and
advisors upon whose efforts the success of the Company and its Subsidiaries will
depend to a large degree.

      It is the intention of the Company to carry out the Plan through the
granting of stock options which will qualify as "incentive stock options" under
the provisions of Section 422 of the Internal Revenue Code and "nonqualified
stock options" pursuant to Section 10 of this Plan. The grant of all such
options shall, to the extent required, comply with Section 16(b) of the
Securities Exchange Act of 1934, the Internal Revenue Code, or any other
applicable law or regulation. Adoption of this Plan shall be and is expressly
subject to the condition of approval by the shareholders of the Company within
twelve (12) months after the adoption of the Plan by the Board of Directors. In
no event shall any stock options be exercisable prior to the date this Plan is
approved by the shareholders of the Company. If shareholder approval of this
Plan is not obtained within twelve (12) months after the adoption of the Plan by
the Board of Directors, any stock options previously granted shall be revoked.

                                   SECTION 3.
                             EFFECTIVE DATE OF PLAN
                             ----------------------

      The Plan shall be effective upon its adoption by the Board of Directors of
the Company, subject to approval by the shareholders of the Company as required
in Section 2.

                                   SECTION 4.
                                 ADMINISTRATION
                                 --------------

      The Plan shall be administered by the Board of Directors of the Company
(hereinafter referred to as the "Board") or by a Committee which may be
appointed by the Board from time to time. The Board or the Committee, as the
case may be, shall have all of the powers vested in it under the provisions of
the Plan, including but not limited to exclusive authority (where applicable and
within the limitations described herein) to determine, in its sole discretion,
whether an incentive stock option or nonqualified stock option shall be granted,
the individuals to whom, and the time or times at which, options shall be
granted, the number of shares subject to each option and the option price and
terms and conditions of each option. The Board, or the Committee, shall have
full power and authority to administer and interpret the Plan, to make and amend
rules, regulations and guidelines for administering the Plan, to prescribe the
form and conditions of the respective stock option agreements (which may vary
from Optionee to Optionee) evidencing each option and to make all other
determinations necessary or advisable for the administration of the Plan. The
Board's, or the Committee's, interpretation of the Plan, and all actions taken
and determinations made by the Board or the Committee pursuant to the power
vested in it hereunder, shall be conclusive and binding on all parties
concerned. No member of the Board or the Committee shall be liable for any
action taken or determination made in good faith in connection with the
administration of the Plan.

      In the event the Board appoints a Committee as provided hereunder, any
action of the Committee with respect to the administration of the Plan shall be
taken pursuant to a majority vote of the Committee members or pursuant to the
written resolution of all Committee members.

                                   SECTION 5.
                                  PARTICIPANTS
                                  ------------

      The Board or the Committee, as the case may be, shall from time to time,
at its discretion and without approval of the shareholders, designate those
employees, directors, officers, directors, consultants, and advisors of the
Company or of any Subsidiary to whom nonqualified stock options shall be granted
under this Plan; provided, however, that consultants or advisors shall not be
eligible to receive stock options hereunder unless such consultant or advisor
renders bona fide services to the Company or Subsidiary and such services are
not in connection with the offer or sale of securities in a capital raising
transaction. The Board or the Committee, as the case may be, shall, from time to
time, at its discretion and without approval of the shareholders, designate
those employees of the Company or any Subsidiary to whom incentive stock options
shall be granted under this Plan. The Board or the Committee may grant
additional incentive stock options or nonqualified stock options under this Plan
to some or all participants


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<PAGE>

then holding options or may grant options solely or partially to new
participants. In designating participants, the Board or the Committee shall also
determine the number of shares to be optioned to each such participant. The
Board may from time to time designate individuals as being ineligible to
participate in the Plan.

                                   SECTION 6.
                                      STOCK
                                      -----

      The Stock to be optioned under this Plan shall consist of authorized but
unissued shares of Option Stock. Four Million Five Hundred Thousand (4,500,000)
shares of Option Stock shall be reserved and available for options under the
Plan; provided, however, that the total number of shares of Option Stock
reserved for options under this Plan shall be subject to adjustment as provided
in Section 12 of the Plan. In the event that any outstanding option under the
Plan for any reason expires or is terminated prior to the exercise thereof, the
shares of Option Stock allocable to the unexercised portion of such option shall
continue to be reserved for options under the Plan and may be optioned
hereunder.

                                   SECTION 7.
                                DURATION OF PLAN
                                ----------------

      Incentive stock options may be granted pursuant to the Plan from time to
time during a period of ten (10) years from the effective date as defined in the
Plan. Nonqualified stock options may be granted pursuant to the Plan from time
to time after the effective date of the Plan and until the Plan is discontinued
or terminated by the Board.

                                   SECTION 8.
                                     PAYMENT
                                     -------

      Optionees may pay for shares upon exercise of options granted pursuant to
this Plan with cash, certified check, Common Stock of the Company valued at such
stock's then Fair Market Value as defined in Section 9(d) below, or such other
form of payment as may be authorized by the Board or the Committee. The Board or
the Committee may, in its sole discretion, limit the forms of payment available
to the Optionee and may exercise such discretion any time prior to the
termination of the Option granted to the Optionee or upon any exercise of the
Option by the Optionee.

                                   SECTION 9.
                 TERMS AND CONDITIONS OF INCENTIVE STOCK OPTIONS
                 -----------------------------------------------

      Each incentive stock option granted pursuant to the Plan shall be
evidenced by a written stock option agreement (the "Option Agreement"). The
Option Agreement shall be in such form as may be approved from time to time by
the Board or Committee and may vary from Optionee to Optionee; provided,
however, that each Optionee and each Option Agreement shall comply with and be
subject to the following terms and conditions:

      (a) Number of Shares and Option Price. The Option Agreement shall state
      the total number of shares covered by the incentive stock option. To the
      extent required to qualify the Option as an incentive stock option under
      Section 422 of the Internal Revenue Code, or any successor provision, or
      under the laws of or any other applicable law or regulation, the option
      price per share shall not be less than one hundred percent (100%) of the
      Fair Market Value of the Common Stock per share on the date the Board or
      the Committee, as the case may be, grants the option; provided, however,
      that if an Optionee owns stock possessing more than ten percent (10%) of
      the total combined voting power of all classes of stock of the Company or
      of its parent or any Subsidiary, the option price per share of an
      incentive stock option granted to such Optionee shall not be less than one
      hundred ten percent (110%) of the Fair Market Value of the Common Stock
      per share on the date of the grant of the option. The Board or the
      Committee, as the case may be, shall have full authority and discretion in
      establishing the option price and shall be fully protected in so doing.

      (b) Term and Exercisability of Incentive Stock Option. The term during
      which any incentive stock option granted under the Plan may be exercised
      shall be established in each case by the Board or the Committee, as the
      case may be. To the extent required to qualify the Option as an incentive
      stock option under Section 422 of the Internal Revenue Code, or any
      successor provision, or any other applicable law or regulation, in no
      event shall any incentive stock option be exercisable during a term of
      more than ten (10) years after the date on which it is granted; provided,
      however, that if an


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<PAGE>

      Optionee owns stock possessing more than ten percent (10%) of the total
      combined voting power of all classes of stock of the Company or of its
      parent or any Subsidiary, the incentive stock option granted to such
      Optionee shall be exercisable during a term of not more than five (5)
      years after the date on which it is granted. The Option Agreement shall
      state when the incentive stock option becomes exercisable and shall also
      state the maximum term during which the option may be exercised. In the
      event an incentive stock option is exercisable immediately, the manner of
      exercise of the option in the event it is not exercised in full
      immediately shall be specified in the Option Agreement. The Board or the
      Committee, as the case may be, may accelerate the exercise date of any
      incentive stock option granted hereunder which is not immediately
      exercisable as of the date of grant.

      (c) Other Provisions. The Option Agreement authorized under this Section 9
      shall contain such other provisions as the Board or the Committee, as the
      case may be, shall deem advisable. Any such Option Agreement shall contain
      such limitations and restrictions upon the exercise of the option as shall
      be necessary to ensure that such option will be considered an "incentive
      stock option" as defined in Section 422 of the Internal Revenue Code or to
      conform to any change therein.

                                   SECTION 10.
               TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTIONS
               --------------------------------------------------

      Each nonqualified stock option granted pursuant to the Plan shall be
evidenced by a written Option Agreement. The Option Agreement shall be in such
form as may be approved from time to time by the Board or the Committee and may
vary from Optionee to Optionee; provided, however, that each Optionee and each
Option Agreement shall comply with and be subject to the following terms and
conditions:

      (a) Number of Shares and Option Price. The Option Agreement shall state
      the total number of shares covered by the nonqualified stock option.
      Unless otherwise determined by the Board or the Committee, as the case may
      be, the option price per share shall be one hundred percent (100%) of the
      Fair Market Value of the Common Stock per share on the date the Board or
      the Committee grants the option.

      (b) Term and Exercisability of Nonqualified Stock Option. The term during
      which any nonqualified stock option granted under the Plan may be
      exercised shall be established in each case by the Board or the Committee,
      as the case may be. The Option Agreement shall state when the nonqualified
      stock option becomes exercisable and shall also state the maximum term
      during which the option may be exercised. In the event a nonqualified
      stock option is exercisable immediately, the manner of exercise of the
      option in the event it is not exercised in full immediately shall be
      specified in the stock option agreement. The Board or the Committee, as
      the case may be, may accelerate the exercise date of any nonqualified
      stock option granted hereunder which is not immediately exercisable as of
      the date of grant.

      (c) Withholding. The Company or a Subsidiary, as the case may be, shall be
      entitled to withhold and deduct from future wages of the Optionee all
      legally required amounts necessary to satisfy any and all withholding and
      employment-related taxes attributable to the Optionee's exercise of a
      nonqualified stock option. In the event the Optionee is required under the
      Option Agreement to pay the Company, or make arrangements satisfactory to
      the Company respecting payment of, such withholding and employment-related
      taxes, the Board or Committee, as the case may be, may, in its discretion
      and pursuant to such rules as it may adopt, permit the Optionee to satisfy
      such obligation, in whole or in part, by delivering shares of the
      Company's Common Stock or by electing to have the Company withhold shares
      of Common Stock otherwise issuable to the Optionee having a Fair Market
      Value equal to the minimum required tax withholding, based on the minimum
      statutory withholding rates for federal and state tax purposes, including
      payroll taxes, that are applicable to the supplemental income resulting
      from the exercise of the nonqualified stock option. In no event may the
      Company withhold shares having a Fair Market Value in excess of such
      statutory minimum required tax withholding. The Optionee's election to
      have shares withheld for this purpose shall be made on or before the date
      the option is exercised or, if later, the date that the amount of tax to
      be withheld is determined under applicable tax law. Such election shall be
      approved by the Board or Committee, as the case may be, and otherwise
      comply with such rules as the Board or Committee may adopt to assure
      compliance with Rule 16b-3, or any successor provision, as then in effect,
      of the General Rules and Regulations under the Securities Exchange Act of
      1934, if applicable.

      (d) Other Provisions. The Option Agreement authorized under this Section
      10 shall contain such other provisions as the Board, or the Committee, as
      the case may be, shall deem advisable.


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<PAGE>

                                   SECTION 11
                               TRANSFER OF OPTION
                               ------------------

      No incentive stock option shall be transferable, in whole or in part, by
the Optionee other than by will or by the laws of descent and distribution and,
during Optionee's lifetime, such option may be exercised only by the Optionee.
If the Optionee shall attempt any transfer of any incentive stock option granted
under the Plan during the Optionee's lifetime, such transfer shall be void and
the incentive stock option, to the extent not fully exercised, shall terminate.

      The Board or Committee, as the case may be, may, in its sole discretion,
permit the Optionee to transfer any or all nonqualified stock options to any
member of the Optionee's "immediate family" as such term is defined in Rule
16a-1(e) promulgated under the Securities Exchange Act of 1934, or any successor
provision, or to one or more trusts whose beneficiaries are members of such
Optionee's "immediate family" or partnerships in which such family members are
the only partners; provided, however, that the Optionee cannot receive any
consideration for the transfer and such transferred nonqualified stock option
shall continue to be subject to the same terms and conditions as were applicable
to such nonqualified stock option immediately prior to its transfer.

                                   SECTION 12.
                    RECAPITALIZATION, SALE, MERGER, EXCHANGE
                    ----------------------------------------
                                 OR LIQUIDATION
                                 --------------

      In the event of an increase or decrease in the number of shares of Common
Stock resulting from a subdivision or consolidation of shares or the payment of
a stock dividend or any other increase or decrease in the number of shares of
Common Stock effected without receipt of consideration by the Company, the
number of shares of Option Stock reserved under Section 6 hereof and the number
of shares of Option Stock covered by each outstanding option and the price per
share thereof shall be adjusted by the Board to reflect such change. Additional
shares which may be credited pursuant to such adjustment shall be subject to the
same restrictions as are applicable to the shares with respect to which the
adjustment relates.

      Unless otherwise provided in the stock option agreement, in the event of
the sale by the Company of substantially all of its assets and the consequent
discontinuance of its business, or in the event of a merger, consolidation,
exchange, reorganization, reclassification, extraordinary dividend, divestiture
(including a spin-off) or liquidation of the Company (collectively referred to
as a "transaction"), the Board may provide for one or more of the following:

      (a) the equitable acceleration of the exercisability of any outstanding
      options hereunder;

      (b) the complete termination of this Plan and cancellation of outstanding
      options not exercised prior to a date specified by the Board (which date
      shall give Optionees a reasonable period of time in which to exercise the
      options prior to the effectiveness of such transaction);

      (c) that Optionees holding outstanding incentive or nonqualified options
      shall receive, with respect to each share of Option Stock subject to such
      options, as of the effective date of any such transaction, cash in an
      amount equal to the excess of the Fair Market Value of such Option Stock
      on the date immediately preceding the effective date of such transaction
      over the option price per share of such options; provided that the Board
      may, in lieu of such cash payment, distribute to such Optionees shares of
      stock of the Company or shares of stock of any corporation succeeding the
      Company by reason of such transaction, such shares having a value equal to
      the cash payment herein; or

      (d) the continuance of the Plan with respect to the exercise of options
      which were outstanding as of the date of adoption by the Board of such
      plan for such transaction and provide to Optionees holding such options
      the right to exercise their respective options as to an equivalent number
      of shares of stock of the corporation succeeding the Company by reason of
      such transaction.

The Board may restrict the rights of or the applicability of this Section 13 to
the extent necessary to comply with Section 16(b) of the Securities Exchange Act
of 1934, the Internal Revenue Code, or any other applicable law or regulation.
The grant of an option pursuant to the Plan shall not limit in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations
or changes of its capital or business structure or to merge, exchange or
consolidate or to dissolve, liquidate, sell or transfer all or any part of its
business or assets.


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<PAGE>

                                   SECTION 13.
                               INVESTMENT PURPOSE

      No shares of Common Stock shall be issued pursuant to the Plan unless and
until there has been compliance, in the opinion of Company's counsel, with all
applicable legal requirements, including without limitation, those relating to
securities laws and stock exchange listing requirements. As a condition to the
issuance of Option Stock to Optionee, the Board or Committee, as the case may
be, may require Optionee to (a) represent that the shares of Option Stock are
being acquired for investment and not resale and to make such other
representations as the Board or Committee shall deem necessary or appropriate to
qualify the issuance of the shares as exempt from the Securities Act of 1933 and
any other applicable securities laws, and (b) represent that Optionee shall not
dispose of the shares of Option Stock in violation of the Securities Act of 1933
or any other applicable securities laws.

      As a further condition to the grant of any nonqualified stock option or
the issuance of Option Stock to Optionee, Optionee agrees to the following:

            (a) In the event the Company advises Optionee that it plans an
      underwritten public offering of its Common Stock in compliance with the
      Securities Act of 1933, as amended, and the underwriter(s) seek to impose
      restrictions under which certain shareholders may not sell or contract to
      sell or grant any option to buy or otherwise dispose of part or all of
      their stock purchase rights of the underlying Common Stock, Optionee will
      not, for a period not to exceed 180 days from the prospectus, sell or
      contract to sell or grant an option to buy or otherwise dispose of any
      nonqualified stock option granted to Optionee pursuant to the Plan or any
      of the underlying shares of Common Stock without the prior written consent
      of the underwriter(s) or its representative(s).

            (b) In the event the Company makes any public offering of its
      securities and determines in its sole discretion that it is necessary to
      reduce the number of issued but unexercised stock purchase rights so as to
      comply with any states securities or Blue Sky law limitations with respect
      thereto, the Board of Directors of the Company shall have the right (i) to
      accelerate the exercisability of any nonqualified stock option and the
      date on which such option must be exercised, provided that the Company
      gives Optionee prior written notice of such acceleration, and (ii) to
      cancel any options or portions thereof, in reverse chronological order
      based on the date or dates on which such options or portions thereof would
      have become exercisable according to the original vesting schedule set
      forth in the related stock option agreements, which Optionee does not
      exercise prior to or contemporaneously with such public offering.

            (c) In the event of a transaction (as defined in Section 11 of the
      Plan) which is treated as a "pooling of interests" under generally
      accepted accounting principles, Optionee will comply with Rule 145 of the
      Securities Act of 1933 and any other restrictions imposed under other
      applicable legal or accounting principles if Optionee is an "affiliate"
      (as defined in such applicable legal and accounting principles) at the
      time of the transaction, and Optionee will execute any documents necessary
      to ensure compliance with such rules.

      The Company reserves the right to place a legend on any stock certificate
      issued upon exercise of an option granted pursuant to the Plan to assure
      compliance with this Section 13.

                                   SECTION 14.
                             RIGHTS AS A SHAREHOLDER
                             -----------------------

      An Optionee (or the Optionee's successor or successors) shall have no
rights as a shareholder with respect to any shares covered by an option until
the date of the issuance of a stock certificate evidencing such shares. No
adjustment shall be made for dividends (ordinary or extraordinary, whether in
cash, securities or other property), distributions or other rights for which the
record date is prior to the date such stock certificate is actually issued
(except as otherwise provided in Section 12 of the Plan).

                                   SECTION 15.
                              AMENDMENT OF THE PLAN
                              ---------------------

      The Board may from time to time, insofar as permitted by law, suspend or
discontinue the Plan or revise or amend it in any respect; provided, however,
that no such revision or amendment, except as is authorized in Section 12, shall
impair the terms and conditions of any option which is outstanding on the date
of such revision or amendment to the material detriment of the Optionee without
the consent of the Optionee. Notwithstanding the foregoing, no such revision or
amendment shall (i) materially increase the number of shares subject to the Plan
except as provided in Section 12 hereof, (ii) change the designation of the
class of employees


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<PAGE>

eligible to receive options, (iii) decrease the price at which options may be
granted, or (iv) materially increase the benefits accruing to Optionees under
the Plan without the approval of the shareholders of the Company if such
approval is required for compliance with the requirements of the Internal
Revenue Code or any other applicable law or regulation. Furthermore, the Plan
may not, without the approval of the shareholders, be amended in any manner that
will cause incentive stock options to fail to meet the requirements of Section
422 of the Internal Revenue Code, or any other applicable law or regulation.

                                   SECTION 16.
                        NO OBLIGATION TO EXERCISE OPTION
                        --------------------------------

      The granting of an option shall impose no obligation upon the Optionee to
exercise such option. Further, the granting of an option hereunder shall not
impose upon the Company or any Subsidiary any obligation to retain the Optionee
in its employ for any period.


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