A development system having a monitor/profiler tool for monitoring functions in natively compiled software programs is described. According to the present invention, the monitor/profiler tool is constructed to work directly on a natively compiled software application which only have debugging info. Unlike prior approaches, the monitor/profiler tool does not require a special compile or link phase for the application under exam. The tool can monitor any function in software application which has debug info, thus relieving program developers from the burden of maintaining two ways of building an application. The developer can simply use the same executable for both development and function analysis.