diff --git a/src/tools/python.jam b/src/tools/python.jam
index 7034de4b1..61020640c 100644
--- a/src/tools/python.jam
+++ b/src/tools/python.jam
@@ -638,7 +638,7 @@ local rule declare-libpython-target ( version ? : sys.platform ? : requirements
     libpython-target-name = $(libpython-target-name:J=-).lib ;
     
     # Declare and return it
-    lib $(libpython-target-name) : : <name>python$(lib-version) $(requirements) ;
+    searched-lib $(libpython-target-name) : : <name>python$(lib-version) $(requirements) ;
     return $(libpython-target-name) ;
 }