diff --git a/Tools/scripts/hotshotmain.py b/Tools/scripts/hotshotmain.py
index 4f40628..7e39d98 100644
--- a/Tools/scripts/hotshotmain.py
+++ b/Tools/scripts/hotshotmain.py
@@ -23,7 +23,12 @@
     prof = hotshot.Profile(profile)
     sys.path.insert(0, os.path.dirname(filename))
     sys.argv = [filename] + args
-    prof.run("execfile(%r)" % filename)
+    fp = open(filename)
+    try:
+        script = fp.read()
+    finally:
+        fp.close()
+    prof.run("exec(%r)" % script)
     prof.close()
     stats = hotshot.stats.load(profile)
     stats.sort_stats("time", "calls")
diff --git a/Tools/versioncheck/README b/Tools/versioncheck/README
index a51411b..1dd2eca 100644
--- a/Tools/versioncheck/README
+++ b/Tools/versioncheck/README
@@ -19,7 +19,7 @@
 of URLs. Each of these will be checked in order until one is available,
 this is handy for distributions that live in multiple places. Put the
 primary distribution site (the most up-to-date site) before others.
-The script is executed with execfile(), not imported, and the current
+The script is read and executed with exec(), not imported, and the current
 directory is the checkversion directory, so be careful with globals,
 importing, etc.
 
diff --git a/Tools/versioncheck/checkversions.py b/Tools/versioncheck/checkversions.py
index 27c16e7..ccb544d 100644
--- a/Tools/versioncheck/checkversions.py
+++ b/Tools/versioncheck/checkversions.py
@@ -26,7 +26,7 @@
     if CHECKNAME in files:
         fullname = os.path.join(dir, CHECKNAME)
         try:
-            execfile(fullname)
+            exec(open(fullname).read())
         except:
             print('** Exception in', fullname)