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                                                                   Exhibit 10.7





                    BOISE CASCADE OFFICE PRODUCTS CORPORATION

                         KEY EXECUTIVE STOCK OPTION PLAN

                     (As Amended Through February 16, 1999)









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                                    SECTION 1

                                     PURPOSE

         1.1 Establishment and Purpose. Boise Cascade Office Products
Corporation, a Delaware corporation (the "Company"), hereby establishes the
Boise Cascade Office Products Corporation Key Executive Stock Option Plan (the
"Plan") as a vehicle by which a portion of the compensation of certain employees
of the Company may be provided in the form of long-term, equity-based incentives
that are designed to attract, retain, and motivate key employees of the Company
and to focus the employee's attention on the long-term growth of the Company.
Each Option issued under this Plan is issued solely in respect of the
Participant's employment with the Company.

                                    SECTION 2

                                   DEFINITIONS

         2.1 Act. "Act" means the Securities Exchange Act of 1934, as amended,
and any rules and regulations thereunder.

         2.2 Board. "Board" means the Board of Directors of the Company as the
same may be constituted from time to time.

         2.3 Company. "Company" means Boise Cascade Office Products Corporation,
a Delaware corporation, and its subsidiaries and their respective successors and
assigns.

         2.4 Compensation Committee. "Compensation Committee" means the
committee composed of members of the Board, or any successor to such committee,
who have been appointed by the Board to such position from time to time with the
purpose of making recommendations concerning executive compensation.

         2.5 Competitor. "Competitor" means any business, foreign or domestic,
which is engaged at any time relevant to the provisions of this Plan, in the
distribution of products or in the providing of services in competition with
products sold or distributed, or services provided by the Company. The
determination of whether a business is a Competitor shall be made by the
Company's General Counsel, in his/her sole discretion.

         2.6 Disability. "Disability" means a physical or mental impairment that
prevents the Participant from performing the duties of the employment in which
the Participant was engaged before the commencement of impairment, subject to
the written certification of a medical doctor.

         2.7 Eligible Individual. "Eligible Individual" means an employee of the
Company who, by virtue of his or her position with the Company or the nature of
the


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services he or she provides to the Company, has been identified by the senior
management of the Company and selected by the Compensation Committee as being
eligible for consideration to receive grant(s) of Options under this Plan.

         2.8  Employment with any Competitor. "Employment with any Competitor"
means providing significant services as an employee or consultant, or otherwise
rendering services of a significant nature for remuneration, to a Competitor.

         2.9  Exercise Price. "Exercise Price" means, for any Option, the Fair
Market Value of the Shares on the Grant Date of such Option.

         2.10 Fair Market Value. "Fair Market Value" means, until the Shares are
listed on the New York Stock Exchange, the fair value of the Shares on the Grant
Date as determined by the Compensation Committee. Once the Shares are so listed,
"Fair Market Value" shall mean the closing price of a Share as reported on the
consolidated tape of the New York Stock Exchange on the date with respect to
which the Fair Market Value is being determined. In the event there are no
transactions in Shares on the date in question, the Fair Market Value shall be
determined as of the next immediately preceding date on which there were
transactions in Shares on the New York Stock Exchange.

         2.11 Grant Date. "Grant Date" means the date on which an Option is
granted under this Plan.

         2.12 Internal Revenue Code or Code. "Internal Revenue Code" or "Code"
means the Internal Revenue Code of 1986, as amended from time to time, and the
regulations thereunder.

         2.13 Option. "Option" means an option to purchase Shares granted in
accordance with the terms of the Plan, as described more fully in Section 4.

         2.14 Participant. "Participant" means an Eligible Individual to whom
the Compensation Committee has granted an Option under this Plan, provided such
Eligible Individual has elected to participate in the Plan by completing and
submitting a stock option agreement as contemplated by Section 3.1 hereof.

         2.15 Retirement. "Retirement" means an Employee's termination of
employment with the Company, other than as a result of death, total and
permanent disability, or for disciplinary reasons (as defined for purposes of
the Company's Corporate Policy Manual) at any time after the Employee has
reached age 55 with ten or more Years of Service with the Company as defined in
the Company's Pension Plan for Salaried Employees.

         2.16 Share. "Share" means a share, duly authorized, of the Company's
common stock, $.01 par value.



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                                    SECTION 3

                                   ELIGIBILITY

         3.1 Eligibility. An individual who is an Eligible Individual shall be
eligible to receive grant(s) of Options provided he or she signs a stock option
agreement in such form as is prescribed by the Compensation Committee from time
to time for such purposes.

                                    SECTION 4

                                     OPTIONS

         4.1 Shares Subject to the Plan. Options may be granted to Participants
by the Company under this Plan, pursuant to Section 4.2, in respect of
authorized and unissued Shares, provided that the aggregate number of Shares
reserved for issuance under this Plan, subject to adjustment or increase of such
number, pursuant to the provisions of Section 4.11, shall not exceed 6,500,000
Shares. If any Shares are subject to an Option which expires or is terminated
unexercised, such Shares shall be available for issuance with respect to
subsequent Options granted under the Plan. No fractional shares may be purchased
or issued under the Plan.

         4.2 Grant of Options. An Eligible Individual may be granted, by the
Compensation Committee, an Option to purchase a number of Shares from the
Company at the Exercise Price per Share. The number of Shares subject to an
Option, those Eligible Individuals chosen to receive Options, and the Grant Date
for an Option are matters solely within the discretion of the Compensation
Committee. The Compensation Committee shall determine whether an Option is to be
an Incentive Stock Option (within the meaning of Section 422A of the Code) or a
nonstatutory Option. In no event shall any grant of an Incentive Stock Option
provide for such Option to be or become exercisable in amounts in excess of
$100,000 per calendar year.

         4.3 Option Agreement. As determined by the Compensation Committee, each
Option shall be evidenced by a stock option agreement that specifies:

             (a)      Grant price;

             (b)      Duration of the Option;

             (c)      Number of shares of Stock to which the Option pertains;

             (d)      Vesting requirements, if any;

             (e)      Whether the Option is an incentive stock option or a 
nonstatutory option;




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             (f)      Restrictions on exercisability, if any;

             (g) Rights of the Optionees upon termination of employment with the
Company, provided that the termination rights for Optionees receiving incentive
stock options shall conform with Section 422A of the Code;

             (h) The terms of the loan, if any, that will be made available
in connection with the exercise of an Option; and

             (i) Such other information as the Committee deems desirable.

             No Option shall have an expiration date later than the first day 
following the tenth anniversary of the date of its grant.

         4.4 Exercise of Options. Subject to any restrictions set out in any
policy of the Company that may be adopted to provide guidelines as to when
Participants and others may engage in transactions involving securities of the
Company, an Option may be exercised by delivery to the Company of a completed
stock option exercise form, in the form approved by the Company from time to
time, specifying the number of Shares with respect to which the Option is being
exercised and accompanied by payment in full of the Exercise Price of the Shares
then being purchased in (i) cash, (ii) Shares, (iii) a loan from the Company, or
(iv) delivery of an irrevocable written notice instructing the Company to
deliver the Shares being purchased to a broker selected by the Company, subject
to the broker's written guarantee to deliver cash to the Company, in each case
equal to the full consideration of the Exercise Price for the Shares being
purchased. Options may be exercised in whole or in part. Certificates for such
Shares, or such other proof of purchase as is appropriate, shall be delivered to
the Participant within a reasonable time following the receipt of such notice
and payment.

         4.5 Vesting of Options. The vesting of any Option shall be determined
by the Compensation Committee at the time that the Option is granted and shall
be specified in the applicable stock option agreement.

         4.6 Exercise Price. Options shall be exercised under this Plan only at
the Exercise Price.

         4.7 Limit on Options to any Person. The total number of Options to be
granted to any one Participant under the Plan shall not exceed 20% of the total
number of shares authorized for issuance pursuant to the Plan.

         4.8 Options Nonassignable. Each Option is personal to the Participant
and shall not be transferable by the Participant other than by will or the laws
of descent and distribution. No Option granted under this Plan, nor any interest
therein, may be otherwise transferred, assigned, pledged, or hypothecated by the
Participant to whom the Option was granted in such Participant's lifetime,
whether by operation of law or 


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otherwise, or be made subject to execution, attachment, levy, or similar
process. A Participant, by written notice to the Company, may designate one or
more persons (and from time to time change such designation), including his or
her legal representative, who, by reason of the Participant's death, shall
acquire the right to exercise all or a portion of an Option granted under this
Plan. Any exercise by a representative shall be subject to the provisions of
this Plan.

         4.9 Change of Employment. Notwithstanding any other provisions of the
Plan, Options already granted shall not be affected by any change of employment
of the Participant where the Participant continues to be employed by the
Company. For purposes of the Plan, neither (i) a transfer of a Participant to or
from the Company or to or from a subsidiary or parent or from one subsidiary to
another, or (ii) a leave of absence duly authorized by the Company shall be
deemed a termination of employment. However, a Participant may not exercise an
Option or any applicable stock appreciation right during any leave of absence
unless authorized to do so by the Committee.

         4.10 Conditions Precedent to Issuance of Shares. Notwithstanding any of
the provisions contained in the Plan or in any Option, the Company's obligation
to issue Shares to a Participant pursuant to the exercise of an Option under the
Plan shall be subject to:

              (a) Completion of such registration or other qualification of
such Shares or obtaining approval of such governmental authority as shall be
determined to be necessary or advisable in connection with the authorization,
issuance, or sale thereof;

              (b) The listing of such Shares on the New York Stock Exchange
and, if required, the preclearance of the Plan with such Exchange;

              (c) The receipt from the Participant of such representations,
agreements, and undertakings as to future dealings in such Shares as the Company
determines to be necessary or advisable; and

              (d) Such shareholder approval as may be required under the Act, 
other applicable securities laws, the Code, and the New York Stock Exchange.

              In this connection, the Company shall, to the extent necessary,
take all reasonable steps to obtain such approvals, registrations, and
qualifications as may be necessary for issuance of such Shares in compliance
with applicable laws and for the listing of such Shares on the New York Stock
Exchange.

         4.11 Adjustments. Subsequent to the adoption of the Plan by the
Compensation Committee, appropriate adjustments in the number of Shares subject
to the Plan, Options granted or to be granted, Shares subject to an Option, and
Exercise Price shall be made by the Compensation Committee to give effect to
adjustments in




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the number of Shares resulting from subdivision, split, consolidation, exchange,
merger, recapitalization, or reclassification of the Shares, the payment of
stock dividends by the Company (other than dividends in the ordinary course) or
other similar changes in the capital stock of the Company. The purpose of such
adjustments shall be to ensure that any Participant exercising an Option after
such change in the capital stock of the Company shall be in the same position as
he or she would have been if he or she had exercised the Option prior to such
change, except with respect to the receipt of income on the Shares. Fractional
shares resulting from such adjustment shall be rounded up to the nearest whole
number. No adjustment shall be made in connection with the issuance by the
Company of any warrants, rights, or options to acquire additional shares or of
securities convertible into Shares.

         4.12 Acceleration of Stock Options. Notwithstanding any other provision
of this Plan, in the event of a dissolution or a liquidation of the Company or a
merger and consolidation in which the Company is not the surviving corporation,
any unexercised Options granted prior to the date of the merger or consolidation
shall become exercisable on the day immediately preceding the date of the merger
or consolidation.

                                  SECTION 5

                         EVENTS AFFECTING ENTITLEMENT

         5.1 Events Affecting Entitlement to Options. If the Participant dies,
terminates employment, retires, or suffers a Disability before Options granted
to such Participant are exercised, such Options shall expire on the date
specified in the governing stock option agreement, unless the Compensation
Committee extends, in whole or in part, the expiration date.

                                  SECTION 6

                             DURATION OF THE PLAN

         6.1 Duration. The Plan shall remain in effect until all Shares subject
to Options granted pursuant to the Plan have been purchased pursuant to exercise
of such Options. Notwithstanding the foregoing, no Options may be granted
pursuant to the Plan after the tenth anniversary of the Plan's effective date.

                                  SECTION 7

                             PARTICIPANTS' RIGHTS

         7.1 Employment. Nothing in this Plan shall interfere with or limit in
any way the right to the Company to terminate the employment of an any Eligible
Employee or Participant at any time. Nothing in this Plan shall confer upon any
employee, any Eligible Employee, or any Participant any right to continue in the
employ of the


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Company, the employment of such individuals being expressly "at will" and
subject to termination at any time in the Company's sole discretion.

         7.2 Rights as Shareholders. Prior to the exercise of their Options,
Participants shall have no rights whatsoever as shareholders in respect of any
of the Shares (including, without limitation, any right to receive dividends or
other distribution therefrom, voting rights, warrants, or rights under any
rights offering). Following the exercise of their Options, Participants shall
have the same rights with respect to the Shares as other shareholders of like
Shares.

         7.3 No Extension of Rights. Participation in this Plan shall not give
any Participant any right or claim to any benefit except to the extent provided
in the Plan.

                                    SECTION 8

                                    VALUATION

         8.1 Method of Valuation. Options granted under this Plan shall be
valued at Fair Market Value or, should it not be possible to determine Fair
Market Value as provided hereunder, in accordance with such other valuation
methodology as is determined by the Compensation Committee from time to time to
be appropriate and which is acceptable to applicable regulatory authorities.

                                    SECTION 9

                                     NOTICES

         9.1 Delivery. Any notice or other document to be delivered to a
Participant shall be validly sent, given, or delivered if it is delivered by
hand to the Participant or it is mailed by first class prepaid mail to the
latest address shown on the records of the Company for the Participant.

                                   SECTION 10

                         ADMINISTRATION AND TERMINATION

         10.1 Administration. This Plan shall be administered by the
Compensation Committee of the Board of Directors of the Company. The
Compensation Committee shall have full authority to administer this Plan,
including authority to interpret and construe any provision of this Plan, to
adopt such rules for administration of this Plan as it may deem necessary or
appropriate, and to delegate duties hereunder to such persons or entities as it
deems appropriate. Decisions of the Compensation Committee shall be final and
binding on all persons who have an interest in this Plan.

         10.2 Amendment. The Compensation Committee may amend the Plan at any
time, with or without notice to the Participants, provided, however, that no
amendment 


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shall reduce the interests of the Participants under any Options earlier granted
to a Participant under the Plan without the written consent of the Participants.
Without approval of a majority of the Company's shareholders, no revision or
amendment shall (i) change the number of Shares subject to this Plan (except as
provided in Section 4.11), (ii) change the designation of the class of employees
eligible to participate in the Plan, (iii) change the Exercise Price of the
Options, or (iv) materially increase the benefits accruing to Participants under
the Plan or the cost of this Plan to the Company. Moreover, in no event may Plan
provisions be amended more than once every six months other than to comport with
changes in the Internal Revenue Code, the Employee Retirement Income Security
Act, or the rules and regulations thereunder. No amendment, modification, or
termination of this Plan shall in any manner adversely affect the rights of any
Participant holding Options granted under this Plan without his or her consent.

         10.3 Termination. The Company may terminate the Plan at any time, with
or without notice to the Participants, in which case all Options granted to
Participants shall vest fully in those Participants.

         10.4 Shareholder Approval and Registration Statement. This Plan shall
be approved by the Compensation Committee and submitted to the Company's
shareholders for approval. Any Options granted under this Plan, prior to
effectiveness of a registration statement filed with the Securities and Exchange
Commission covering the Shares to be issued hereunder, shall not be exercisable
until, and are expressly conditional upon, the effectiveness of a registration
statement covering the Shares.

         10.5 Expenses. The Company shall pay all costs of administering and
operating the Plan.

         10.6 Records. The Company shall maintain, or cause to be maintained,
records indicating the amount credited to the Participant's account under the
Plan, from time to time, and the number of Options granted to each Participant.
Such records shall be conclusive as to all matters involved in the
administration of the Plan.

         10.7 Statements. The Company shall furnish, or cause to be furnished,
to each Participant periodical statements indicating the vested status of his or
her Options and any other information which the Company considers to be relevant
to the Participant. Such statements shall be given at times determined by the
Company.

         10.8 Tax Information Returns. The Company will issue, or cause to be
issued, to each Participant all tax information required to be delivered under
United States tax laws within the time periods specified in those laws.

         10.9 Withholding Taxes. Whenever Shares are issued on the exercise of
an Option under the Plan, the Company shall (a) require the recipient of the
Shares to remit to the Company an amount sufficient to satisfy all withholding
taxes, (b) deduct from any cash payment pursuant to any broker-assisted option
exercise (net to



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optionee in cash or shares) an amount sufficient to satisfy any withholding tax
requirements, or (c) withhold from or require surrender by the recipient, as
appropriate, Shares otherwise issuable or issued upon exercise of the Option,
the number of Shares sufficient to satisfy, to the extent permitted under
applicable law, federal and state withholding tax requirements resulting from
the exercise, provided, however, that the Company shall not withhold or accept
surrender of Shares under this paragraph unless the recipient of the Shares has
made an irrevocable election to have Shares withheld or surrendered for this
purpose at least six months after the date of grant of the Option and either (i)
six months or (ii) within a window period prior to the date the amount of
withholding tax is determined. The Committee may, at any time subsequent to an
election under this paragraph, disapprove the election and require satisfaction
of withholding taxes by other means permitted under the Plan. Shares withheld or
surrendered under this paragraph shall be valued at their Fair Market Value on
the date the amount of withholding tax is determined.

         10.10 Effective Date of This Plan. This Plan shall be effective
February 20, 1995, subject to approval by the shareholder of the Company.

         10.11 Law of Delaware. The Plan shall be governed by and construed in
accordance with the laws of the state of Delaware.