SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      Under
                           The Securities Act of 1933


                                CORVU CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


               Minnesota                                41-1457090
      ------------------------------                 ---------------
     (State or Other Jurisdiction of                (I.R.S. Employer
      Incorporation or Organization)              Identification Number)


                              3400 West 66th Street
                             Edina, Minnesota 55435
              (Address of Principal Executive Office and Zip Code)



                             1996 Stock Option Plan
                            (Full Title of the Plan)


                                David C. Carlson
                                CorVu Corporation
                              3400 West 66th Street
                             Edina, Minnesota 55435
                                 (952) 944-7777
 (Name, Address and Telephone Number, Including Area Code, of Agent for Service)


                                   Copies to:
                                  John H. Stout
                            Fredrikson & Byron, P.A.
                        200 South 6th Street, Suite 4000
                        Minneapolis, Minnesota 55402-1425

<TABLE>
<CAPTION>

                         CALCULATION OF REGISTRATION FEE
================================================================================================================
                                                                             Proposed
                                                  Proposed Maximum            Maximum
  Title of Securities        Amount to be          Offering Price            Aggregate              Amount of
   to be Registered          Registered(1)          Per Share(2)         Offering Price(2)      Registration Fee
----------------------------------------------------------------------------------------------------------------
<S>                        <C>                            <C>                     <C>                   <C>
Options to Purchase
 Common Stock under the
 1996 Plan                  Indefinite                 $ 0.00                  $ 0.00                $ 0.00

 Common Stock issuable
  upon exercise of
  options granted under
  the 1996 Plan             562,500 shares              $0.26                $146,250                $17.21

        TOTAL:
                                                                                                     $17.21
================================================================================================================
</TABLE>

(1)   In addition,  pursuant to Rule 416 under the Securities Act of 1933,  this
      Registration Statement also covers an indeterminate amount of interests to
      be offered or sold pursuant to the employee  benefit plan described herein
      and any  additional  securities  which may  become  issuable  pursuant  to
      anti-dilution provisions of the plan.

(2)   Estimated  pursuant to Rule 457(h)  solely for the purpose of  calculating
      the  registration  fee and based upon the average bid and asked  prices of
      the Registrant's Common Stock on December 21, 2004.

                                       1
<PAGE>

      The  purpose of this  Registration  Statement  is to  register  additional
shares for issuance under the Registrant's  1996 Stock Option Plan. The contents
of the Registrant's  Registration Statement on Form S-8, Reg. No. 333-43718,  is
incorporated herein by reference.

                                   SIGNATURES

      The  Registrant.  Pursuant to the  requirements  of the  Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the  requirements  for filing on Form S-8 and has duly  caused this
Registration Statement to be signed on its behalf by the undersigned,  thereunto
duly authorized,  in the City of Minneapolis and State of Minnesota, on the 22nd
day of December, 2004.

                                               CORVU CORPORATION
                                               (the "Registrant")

                                               By /s/ Justin M. MacIntosh
                                                  ------------------------------
                                                  Justin M. MacIntosh
                                                  Chairman, President and
                                                  Chief Executive Officer

      Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities and on the dates indicated.

                               (Power of Attorney)

      Each of the  undersigned  constitutes and appoints Justin M. MacIntosh and
David C.  Carlson his true and lawful  attorney-in-fact  and agent,  each acting
alone, with full powers of substitution and  resubstitution,  for him and in his
name,  place  and  stead,  in any  and all  capacities,  to sign  the  Form  S-8
Registration Statement of CorVu Corporation relating to the Company's 1996 Stock
Option Plan and any or all amendments or  post-effective  amendments to the Form
S-8 Registration Statement, and to file the same, with all exhibits thereto, and
other  documents  in  connection  therewith,  with the  Securities  and Exchange
Commission,  granting unto said attorneys-in-fact and agents, each acting alone,
full  power  and  authority  to do and  perform  each and  every  act and  thing
requisite and  necessary to be done in and about the  premises,  as fully to all
intents and  purposes  as the  undersigned  might or could do in person,  hereby

                                       2
<PAGE>

ratifying and confirming all that said attorneys-in-fact and agents, each acting
alone, or their  substitute or substitutes,  may lawfully do or cause to be done
by virtue hereof.


/s/ Justin M. MacIntosh    President, Chief Executive         December 22, 2004
-------------------------  Officer and Director
Justin M. MacIntosh        (principal executive officer)


/s/David C. Carlson        Chief Financial Officer            December 22, 2004
-------------------------  and Director
David C. Carlson           (principal financial and
                           accounting officer)


/s/ James L. Mandel        Chairman of the Board and          December 22, 2004
-------------------------  Director
James L. Mandel


/s/ Ismail Kurdi           Director                           December 22, 2004
-------------------------
Ismail Kurdi


/s/ Daniel R. Fishback     Director                           December 22, 2004
-------------------------
Daniel R. Fishback


                                       3
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                CORVU CORPORATION


                         Form S-8 Registration Statement



                                  EXHIBIT INDEX


Exhibit
Number      Exhibit Description
-------     -------------------

5           Opinion and Consent of counsel regarding securities under the Plan
23.1        Consent of counsel (See Exhibit 5)
23.2        Consent of independent accountants
24          Power of attorney (See Signature Page)


                                       4
[{"type": "S-8", "sequence": "1", "filename": "v010345.txt", "secsgml_size_bytes": 7804}]
{"company-data": {"conformed-name": "CORVU CORP", "cik": "0001103341", "assigned-sic": "7372", "irs-number": "411457090", "state-of-incorporation": "MN", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-121594", "film-number": "041223733"}, "business-address": {"street1": "3400 W 66TH ST", "street2": "STE 445", "city": "EDINA", "state": "MN", "zip": "55435", "phone": "9529447777"}, "mail-address": {"street1": "3400 W. 66TH ST", "street2": "SUITE 445", "city": "EDINA", "state": "MN", "zip": "55435"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      Under
                           The Securities Act of 1933

                                CORVU CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

               Minnesota                                41-1457090
      ------------------------------                 ---------------
     (State or Other Jurisdiction of                (I.R.S. Employer
      Incorporation or Organization)              Identification Number)

                              3400 West 66th Street
                             Edina, Minnesota 55435
              (Address of Principal Executive Office and Zip Code)

                             1996 Stock Option Plan
                            (Full Title of the Plan)

                                David C. Carlson
                                CorVu Corporation
                              3400 West 66th Street
                             Edina, Minnesota 55435
                                 (952) 944-7777
 (Name, Address and Telephone Number, Including Area Code, of Agent for Service)

                                   Copies to:
                                  John H. Stout
                            Fredrikson & Byron, P.A.
                        200 South 6th Street, Suite 4000
                        Minneapolis, Minnesota 55402-1425
CALCULATION OF REGISTRATION FEE
================================================================================================================
                                                                             Proposed
                                                  Proposed Maximum            Maximum
  Title of Securities        Amount to be          Offering Price            Aggregate              Amount of
   to be Registered          Registered(1)          Per Share(2)         Offering Price(2)      Registration Fee
----------------------------------------------------------------------------------------------------------------
Options to Purchase
 Common Stock under the
 1996 Plan                  Indefinite                 $ 0.00                  $ 0.00                $ 0.00

 Common Stock issuable
  upon exercise of
  options granted under
  the 1996 Plan             562,500 shares              $0.26                $146,250                $17.21

        TOTAL:
                                                                                                     $17.21
================================================================================================================
(1)   In addition,  pursuant to Rule 416 under the Securities Act of 1933,  this
      Registration Statement also covers an indeterminate amount of interests to
      be offered or sold pursuant to the employee  benefit plan described herein
      and any  additional  securities  which may  become  issuable  pursuant  to
      anti-dilution provisions of the plan.

(2)   Estimated  pursuant to Rule 457(h)  solely for the purpose of  calculating
      the  registration  fee and based upon the average bid and asked  prices of
      the Registrant's Common Stock on December 21, 2004.

                                       1
The  purpose of this  Registration  Statement  is to  register  additional
shares for issuance under the Registrant's  1996 Stock Option Plan. The contents
of the Registrant's  Registration Statement on Form S-8, Reg. No. 333-43718,  is
incorporated herein by reference.

                                   SIGNATURES

      The  Registrant.  Pursuant to the  requirements  of the  Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the  requirements  for filing on Form S-8 and has duly  caused this
Registration Statement to be signed on its behalf by the undersigned,  thereunto
duly authorized,  in the City of Minneapolis and State of Minnesota, on the 22nd
day of December, 2004.

                                               CORVU CORPORATION
                                               (the "Registrant")

                                               By /s/ Justin M. MacIntosh
                                                  ------------------------------
                                                  Justin M. MacIntosh
                                                  Chairman, President and
                                                  Chief Executive Officer

      Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities and on the dates indicated.

                               (Power of Attorney)

      Each of the  undersigned  constitutes and appoints Justin M. MacIntosh and
David C.  Carlson his true and lawful  attorney-in-fact  and agent,  each acting
alone, with full powers of substitution and  resubstitution,  for him and in his
name,  place  and  stead,  in any  and all  capacities,  to sign  the  Form  S-8
Registration Statement of CorVu Corporation relating to the Company's 1996 Stock
Option Plan and any or all amendments or  post-effective  amendments to the Form
S-8 Registration Statement, and to file the same, with all exhibits thereto, and
other  documents  in  connection  therewith,  with the  Securities  and Exchange
Commission,  granting unto said attorneys-in-fact and agents, each acting alone,
full  power  and  authority  to do and  perform  each and  every  act and  thing
requisite and  necessary to be done in and about the  premises,  as fully to all
intents and  purposes  as the  undersigned  might or could do in person,  hereby

                                       2
ratifying and confirming all that said attorneys-in-fact and agents, each acting
alone, or their  substitute or substitutes,  may lawfully do or cause to be done
by virtue hereof.

/s/ Justin M. MacIntosh    President, Chief Executive         December 22, 2004
-------------------------  Officer and Director
Justin M. MacIntosh        (principal executive officer)

/s/David C. Carlson        Chief Financial Officer            December 22, 2004
-------------------------  and Director
David C. Carlson           (principal financial and
                           accounting officer)

/s/ James L. Mandel        Chairman of the Board and          December 22, 2004
-------------------------  Director
James L. Mandel

/s/ Ismail Kurdi           Director                           December 22, 2004
-------------------------
Ismail Kurdi

/s/ Daniel R. Fishback     Director                           December 22, 2004
-------------------------
Daniel R. Fishback

                                       3
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                CORVU CORPORATION

                         Form S-8 Registration Statement

                                  EXHIBIT INDEX

Exhibit
Number      Exhibit Description
-------     -------------------

5           Opinion and Consent of counsel regarding securities under the Plan
23.1        Consent of counsel (See Exhibit 5)
23.2        Consent of independent accountants
24          Power of attorney (See Signature Page)

                                       4