EXHIBIT 10.1

                                CORVU CORPORATION

                             1996 STOCK OPTION PLAN
                       (AS AMENDED THROUGH JUNE 29, 2005)

                                   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  registered  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.


<PAGE>

      (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.


                                   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.


<PAGE>

      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  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.  Eight Million  (8,000,000)  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.


<PAGE>

                                   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 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.


<PAGE>

      (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.


<PAGE>

      (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.


                                   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.


<PAGE>

                                   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.


<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.


<PAGE>

                                   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  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.