diff --git a/v1/python.jam b/v1/python.jam
index 8e5b141d9..d8035f42e 100644
--- a/v1/python.jam
+++ b/v1/python.jam
@@ -85,6 +85,8 @@ if $(NT)
     
     PYTHON_DLL ?= [ GLOB $(PATH) $(Path) : python$(PYTHON_VERSION_NODOT).dll ] ;
     PYTHON_DEBUG_DLL ?= [ GLOB $(PATH) $(Path) : python$(PYTHON_VERSION_NODOT)_d.dll ] ;
+    PYTHON_IMPORT_LIB ?= [ GLOB $(PYTHON_LIB_PATH) : libpython$(PYTHON_VERSION_NODOT).* ] ;
+    PYTHON_DEBUG_IMPORT_LIB ?= [ GLOB $(PYTHON_LIB_PATH) : libpython$(PYTHON_VERSION_NODOT).* ] ;
 }
 else if $(UNIX) && $(OS) = MACOSX
 {
@@ -208,10 +210,15 @@ rule select-python-library ( toolset variant : properties * )
         }
         else if [ MATCH .*(mingw).* : $(toolset) ]
         {
-            local lib = $(PYTHON_DLL) ;
+            local lib = $(PYTHON_IMPORT_LIB) ;
             if <define>BOOST_DEBUG_PYTHON in $(properties)
             {
-                lib = $(PYTHON_DEBUG_DLL) ;
+                lib = $(PYTHON_DEBUG_IMPORT_LIB) ;
+            }
+            lib ?= $(PYTHON_DLL) ;
+            if <define>BOOST_DEBUG_PYTHON in $(properties)
+            {
+                lib ?= $(PYTHON_DEBUG_DLL) ;
             }
             properties += <library-file>$(lib) ;
         }