diff -uraN mtools-4.0.11.orig/mainloop.c mtools-4.0.11/mainloop.c
--- mtools-4.0.11.orig/mainloop.c	2009-10-26 14:26:15.000000000 +0300
+++ mtools-4.0.11/mainloop.c	2009-10-26 14:31:46.000000000 +0300
@@ -528,12 +528,7 @@
 
 int target_lookup(MainParam_t *mp, const char *arg)
 {
-	if((mp->lookupflags & NO_UNIX) || (arg[0]
-#ifdef OS_mingw32msvc
-/* On Windows, support only the command-line image drive. */
-                                           && arg[0] == ':'
-#endif
-                                           && arg[1] == ':' ))
+	if((mp->lookupflags & NO_UNIX) || (arg[0] && arg[1] == ':' ))
 		return dos_target_lookup(mp, arg);
 	else
 		return unix_target_lookup(mp, arg);
diff -uraN mtools-4.0.11.orig/Makefile.in mtools-4.0.11/Makefile.in
--- mtools-4.0.11.orig/Makefile.in	2009-10-26 14:26:15.000000000 +0300
+++ mtools-4.0.11/Makefile.in	2009-10-26 15:24:39.000000000 +0300
@@ -62,6 +62,7 @@
 SHLIB       = @SHLIB@
 MACHDEPLIBS = @MACHDEPLIBS@	
 LN_S        = @LN_S@
+EXE         = @EXEEXT@
 
 INSTALL         = @INSTALL@
 INSTALL_PROGRAM = @INSTALL_PROGRAM@
@@ -173,7 +174,7 @@
 
 
 $(LINKS): mtools
-	rm -f $@ && $(LN_S) mtools $@
+	rm -f $@ && $(LN_S) mtools$(EXE) $@
 
 mostlyclean:
 	-rm -f *~ *.orig *.o a.out core 2>/dev/null
@@ -261,7 +262,7 @@
 install-links: $(DESTDIR)$(bindir)/mtools
 	@for j in $(LINKS); do \
 		rm -f $(DESTDIR)$(bindir)/$$j ; \
-		$(LN_S) mtools $(DESTDIR)$(bindir)/$$j ; \
+		$(LN_S) mtools$(EXE) $(DESTDIR)$(bindir)/$$j ; \
 		echo $(DESTDIR)$(bindir)/$$j ; \
 	done
 
@@ -273,7 +274,7 @@
 		echo $(DESTDIR)$(bindir)/$$j ; \
 	done
 	rm -f $(DESTDIR)$(bindir)/lz
-	$(LN_S) uz $(DESTDIR)$(bindir)/lz
+	$(LN_S) $(DESTDIR)$(bindir)/uz $(DESTDIR)$(bindir)/lz
 
 install-man:
 	@$(top_srcdir)/mkinstalldirs $(MAN1DIR)
diff -uraN mtools-4.0.11.orig/missFuncs.c mtools-4.0.11/missFuncs.c
--- mtools-4.0.11.orig/missFuncs.c	2009-10-26 14:26:15.000000000 +0300
+++ mtools-4.0.11/missFuncs.c	2009-10-26 14:34:21.000000000 +0300
@@ -420,11 +420,7 @@
 
 #endif
 
-#ifdef OS_mingw32msvc
-static const char PATH_SEP = '\\';
-#else
 static const char PATH_SEP = '/';
-#endif
 
 /*#ifndef HAVE_BASENAME*/
 const char *_basename(const char *filename)
@@ -433,9 +429,15 @@
 
 	ptr = strrchr(filename, PATH_SEP);
 	if(ptr)
-		return ptr+1;
-	else
-		return filename;
+		filename = ptr + 1;
+
+#ifdef OS_mingw32msvc
+	ptr = strrchr(filename, '\\');
+	if(ptr)
+		filename = ptr + 1;
+#endif
+
+	return filename;
 }
 /*#endif*/