diff --git a/python.jam b/python.jam
index c16c21283..b9ecef9a0 100644
--- a/python.jam
+++ b/python.jam
@@ -65,12 +65,13 @@ if $(NT)
 }
 else if $(UNIX)
 {
-    PYTHON_VERSION ?= 1.5 ;
+    PYTHON_VERSION ?= 2.2 ;
     PYTHON_ROOT ?= /usr/local ;
     PYTHON_ROOT = $(PYTHON_ROOT:J=" ") ;
     PYTHON_INCLUDES ?= $(PYTHON_ROOT)/include/python$(PYTHON_VERSION) ;
     PYTHON_LIB_PATH ?= $(PYTHON_ROOT)/lib/python$(PYTHON_VERSION)/config ;
     PYTHON_STDLIB_PATH ?= $(PYTHON_ROOT)/lib/python$(PYTHON_VERSION) ;
+    PYTHON_EMBEDDED_LIBRARY = python$(PYTHON_VERSION) ;
 
     PYTHON_PROPERTIES ?=
       <sysinclude>$(PYTHON_INCLUDES)
diff --git a/v1/python.jam b/v1/python.jam
index c16c21283..b9ecef9a0 100644
--- a/v1/python.jam
+++ b/v1/python.jam
@@ -65,12 +65,13 @@ if $(NT)
 }
 else if $(UNIX)
 {
-    PYTHON_VERSION ?= 1.5 ;
+    PYTHON_VERSION ?= 2.2 ;
     PYTHON_ROOT ?= /usr/local ;
     PYTHON_ROOT = $(PYTHON_ROOT:J=" ") ;
     PYTHON_INCLUDES ?= $(PYTHON_ROOT)/include/python$(PYTHON_VERSION) ;
     PYTHON_LIB_PATH ?= $(PYTHON_ROOT)/lib/python$(PYTHON_VERSION)/config ;
     PYTHON_STDLIB_PATH ?= $(PYTHON_ROOT)/lib/python$(PYTHON_VERSION) ;
+    PYTHON_EMBEDDED_LIBRARY = python$(PYTHON_VERSION) ;
 
     PYTHON_PROPERTIES ?=
       <sysinclude>$(PYTHON_INCLUDES)