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                                                                   EXHIBIT 10(j)

                       GREEN TREE FINANCIAL CORPORATION
                 RESTATED 1992 SUPPLEMENTAL STOCK OPTION PLAN


1.   Purpose of Plan.
     --------------- 

     This Plan shall be known as the "Green Tree Financial Corporation Restated
1992 Supplemental Stock Option Plan" and is hereinafter referred to as the
"Plan."  The purpose of the Plan is to attract and retain the services of
experienced and knowledgeable non-employee directors of Green Tree Financial
Corporation (the "Company") and to provide additional incentive for such
directors to increase their interest in the Company's long term success and
progress.  Options granted under this Plan shall be non-qualified stock options
which do not qualify as Incentive Stock Options within the meaning of Section
422A of the Internal Revenue Code of 1986, as amended (the "Code").

2.   Stock Subject to Plan.
     --------------------- 

     Subject to the provisions of Section 11 hereof, the stock to be subject to
options under the Plan (the "Shares") shall be the Company's authorized Common
Stock, par value $0.01 per share (the "Common Stock").  Such shares will be
authorized but unissued shares.  Subject to adjustment as provided in Section 11
hereof, the maximum number of shares on which options may be exercised under
this Plan shall be 50,000 shares.  If an option under the Plan expires, or for
any reason is terminated or unexercised with respect to any Shares, such Shares
shall again be available for options thereafter granted during the term of the
Plan.

3.   Administration of Plan.
     ---------------------- 

     The Plan shall be administered by the Board of Directors of the Company.
The Board of Directors shall have plenary authority in its discretion, but
subject to the express provisions of this Plan, to interpret the Plan, to
prescribe, amend, and rescind rules and regulations relating to the Plan, and to
make all other determinations necessary or advisable for the administration of
the Plan.  The Board of Directors' determinations on the foregoing matters shall
be final and conclusive.

4.   Eligibility.
     ----------- 

     An "Eligible Director" shall be a director of the Company who is not
otherwise an employee of the Company or any subsidiary of the Company; provided,
however, that so long as any director of the Company is serving as a
representative of another organization and any options issued to such director
under the Plan are required to be remitted to such organization, such director
shall not be deemed to be an Eligible Director for purposes of the Plan.

5.   Grant of Options.
     ---------------- 

     Upon approval of the Plan by the Board of Directors, but subject to
approval of the Plan by the stockholders of the Company pursuant to Section 14
hereof, each Eligible Director who completes a full fiscal quarter of service as
a director of the Company after December 31, 1992 shall automatically be granted
on the last business day of each such quarter an option to acquire 500 Shares
under the Plan.
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6.   Price.
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     The option price for all options granted under the Plan shall be the fair
market value of the Shares covered by the option at the time the option is
granted.  For the purpose of the preceding sentence and for all other valuation
purposes under the Plan, the "fair market value" of the Common Stock as of any
date shall be (i) the closing price of the Common Stock on such date, as
reported on the consolidated reporting system for the New York Stock Exchange or
such other national securities exchange as is then the primary exchange for
trading in the Common Stock, or (ii) if the Common Stock is not then listed on a
national securities exchange, the last sale price or highest closing bid price
(whichever is applicable) as reported on the National Association of Securities
Dealers Automated Quotation System.  If, on the date of determination of fair
market value, the Common Stock is not publicly traded, the Board of Directors
shall make a good faith attempt to determine the fair market value of the Common
Stock as required by this Section 6 and in connection therewith shall take such
action as it deems necessary or advisable.

7.   Term.
     ---- 

     Each option and all rights and obligations thereunder shall, subject to the
provisions of Section 9 herein, expire ten (10) years from the date of granting
of the option.

8.   Exercise of Option.
     ------------------ 

     (a) Options granted under the Plan shall not be exercisable for a period of
six months after the date of grant, or until stockholder approval of the Plan
has been obtained, whichever occurs later, but thereafter will be exercisable in
full at any time or from time to time during the term of the option, subject to
the provisions of Section 9 hereof.

     (b) The exercise of any option granted hereunder shall only be effective at
such time as counsel to the Company shall have determined that the issuance and
delivery of Common Stock pursuant to such exercise will not violate any state or
federal securities or other laws.  An optionee desiring to exercise an option
may be required by the Company, as a condition of the effectiveness of any
exercise of an option granted hereunder, to agree in writing that all Common
Stock to be acquired pursuant to such exercise shall be held for his or her own
account without a view to any further distribution thereof, that the
certificates for such shares shall bear an appropriate legend to that effect and
that such shares will not be transferred or disposed of except in compliance
with applicable federal and state securities laws.

     (c) An optionee electing to exercise an option shall give written notice to
the Company of such election and of the number of Shares subject to such
exercise.  The full purchase price of such Shares shall be tendered with such
notice of exercise.  Payment shall be made to the Company either (i) in cash
(including check, bank draft or money order), or (ii) by delivering shares of
Common Stock already owned by the optionee having a fair market value equal to
the full purchase price of the Shares, or (iii) by any combination of cash and
such shares; provided, however, that an optionee shall not be entitled to tender
shares of Common Stock pursuant to successive, substantially simultaneous
exercises of options granted under this or any other stock option plan of the
Company.  For purposes of the preceding sentence, the "fair market value" of
such tendered shares shall be determined as provided in Section 6 herein as of
the date of exercise.  Until such person has been issued the Shares subject to
such exercise, he or she shall possess no rights as a stockholder with respect
to such Shares.

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9.   Effect of Termination of Directorship or Death or Disability.
     ------------------------------------------------------------ 

     (a) In the event that an optionee shall cease to be a director of the
Company for any reason other than removal for cause due to his or her serious
misconduct or his or her death or disability, such optionee shall have the right
to exercise the option at any time within seven months after such termination of
directorship to the extent of the full number of Shares he or she was entitled
to purchase under the option on the date of termination, subject to the
condition that no option shall be exercisable after the expiration of the term
of the option.

     (b) In the event that an optionee shall be removed for cause as a director
of the Company by reason of his or her serious misconduct during the course of
his or her service as a director of the Company, the option shall be terminated
as of the date of the misconduct.

     (c) If the optionee shall die while serving as a director of the Company or
within three months after termination of his or her directorship for any reason
other than removal for cause due to his or her serious misconduct, or become
disabled (as determined by the Board of Directors in its sole discretion) while
serving as a director of the Company and such optionee shall not have fully
exercised the option, such option may be exercised at any time within twelve
months after his or her death or disability by the personal representatives,
administrators, or, if applicable, guardian, of the optionee or by any person or
persons to whom the option is transferred by will or the applicable laws of
descent and distribution, to the extent of the full number of shares he or she
was entitled to purchase under the option on the date of death, disability, or
termination of directorship, if earlier, and subject to the condition that no
option shall be exercisable after the expiration of the term of the option.

10.  Non-Transferability.
     ------------------- 

     No option granted under the Plan shall be transferable by the optionee,
otherwise than by will or the laws of descent and distribution as provided in
Section 9(c) herein.  Except as provided in Section 9(c) herein with respect to
disability of the optionee, during the lifetime of an optionee the option shall
be exercisable only by such optionee.

11.  Dilution or Other Adjustments.
     ----------------------------- 

     If there shall be any change in the Common Stock through merger,
consolidation, reorganization, recapitalization, stock dividend (of whatever
amount), stock split or other change in the corporate structure, appropriate
adjustments in the Plan and outstanding options shall be made by the Board of
Directors.  In the event of any such changes, adjustments shall include, where
appropriate, changes in the aggregate number of shares subject to the Plan, the
number of shares and the price per share subject to outstanding options in order
to prevent dilution or enlargement of option rights.

12.  Amendment or Discontinuance of Plan.
     ----------------------------------- 

     The Board of Directors may amend or discontinue the Plan at any time.
However, subject to the provisions of Section 11 no amendment of the Plan shall,
without stockholder approval:  (i) increase the maximum number of Shares with
respect to which options may be granted under the Plan as provided in Section 2
hereof, (ii) modify the eligibility requirements for participation in the Plan
as provided in 

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Section 4 hereof, or (iii) change the date of grant or exercise price of, or the
number of Shares subject to, options granted or to be granted to Eligible
Directors, as provided in Sections 5 and 6 hereof. The Board of Directors shall
not alter or impair any option theretofore granted under the Plan without the
consent of the holder of the option. Notwithstanding any other provision of the
Plan or any option, without the approval of stockholders of the Company, no such
amendment shall be made that, absent such approval, would cause the exemptions
of Rule16b-3 to become unavailable with respect to the options hereunder or with
respect to the ability of the Eligible Directors to satisfy the disinterested
person requirements of Rule 16b-3 in administering any other stock-based
compensation plan of the Company (this limitation on amendments to the Plan
shall include, without limitation, a prohibition on any contemplated amendment
within six months of any prior amendment, other than to comport with changes in
the Code, the Employee Retirement Income Security Act, or the rules thereunder).

13.  Time of Granting.
     ---------------- 

     Nothing contained in the Plan or in any resolution adopted or to be adopted
by the Board of Directors or by the stockholders of the Company, and no action
taken by the Board of Directors (other than the execution and delivery of an
option), shall constitute the granting of an option hereunder.

14.  Effective Date and Termination of Plan.
     -------------------------------------- 

     (a) The Plan was approved by the Board of Directors on March10, 1992 and
shall be approved by the stockholders of the Company within twelve (12) months
thereafter.  The effective date of the Plan shall be the date of stockholder
approval.

     (b) Unless the Plan shall have been discontinued as provided in Section 12
hereof, the Plan shall terminate on  December 31, 2002.  No option may be
granted after such termination, but termination of the Plan shall not, without
the consent of the optionee, alter or impair any rights or obligations under any
option theretofore granted.


(Restated as of November 22, 1997)

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