diff --git a/src/tools/stage.jam b/src/tools/stage.jam
index fcbcd5acc..769b5f574 100644
--- a/src/tools/stage.jam
+++ b/src/tools/stage.jam
@@ -354,16 +354,38 @@ class installed-exe-generator : generator
 
     rule run ( project name ? : property-set : source : multiple ? )
     {
+        local need-relink ;
+        
         if [ $(property-set).get <os> ] in NT CYGWIN ||
             [ $(property-set).get <target-os> ] in windows cygwin
         {
-            # Relinking is never needed on NT.
-            return [ stage.copy-file $(project)
+        }
+        else
+        {
+            # See if the dll-path properties are not changed during
+            # install. If so, copy, don't relink.
+            local a = [ $(source).action ] ;
+            local p = [ $(a).properties ] ;
+            local original = [ $(p).get <dll-path> ] ;
+            local current = [ $(property-set).get <dll-path> ] ;
+            
+            ECHO "XXX" $(current) "--" $(original) ;
+
+            if $(current) != $(original)
+            {
+                need-relink = true ;
+            }            
+        }
+        
+            
+        if $(need-relink)
+        {
+            return [ stage.relink-file $(project)
               : $(source) : $(property-set) ] ;
         }
         else
         {
-            return [ stage.relink-file $(project)
+            return [ stage.copy-file $(project)
               : $(source) : $(property-set) ] ;
         }
     }