I've created three bat files based on the howto http://wiki.python.org/moin/Building_Python_with_the_free_MS_C_Toolkit
I figured out that the files may suite other developers. The files take care of most problems and makes building Python on Windows easier. Simply double click on build_env.bat to open a shell and type build.
diff --git a/PCbuild/env.bat b/PCbuild/env.bat
new file mode 100644
index 0000000..05152fe
--- /dev/null
+++ b/PCbuild/env.bat
@@ -0,0 +1,22 @@
+@echo off
+rem Set these values according to where you installed the software
+rem You need to install the necessary bits mentioned in:
+rem http://wiki.python.org/moin/Building_Python_with_the_free_MS_C_Toolkit
+
+set TOOLKIT=%ProgramFiles%\Microsoft Visual C++ Toolkit 2003
+set SDK=%ProgramFiles%\Microsoft Platform SDK for Windows Server 2003 R2
+set NET=%ProgramFiles%\Microsoft Visual Studio .NET 2003
+set NANT=%ProgramFiles%\Nant
+
+set PATH=%TOOLKIT%\bin;%PATH%;%SDK%\Bin\Win64;%NANT%\bin;%SDK%\bin
+set INCLUDE=%TOOLKIT%\include;%SDK%\Include;%INCLUDE%
+set LIB=%TOOLKIT%\lib;%NET%\VC7\lib;%SDK%\lib;%LIB%
+
+echo Build environment for Python
+echo TOOLKIT=%TOOLKIT%
+echo SDK=%SDK%
+echo NET=%NET%
+echo NANT=%NANT%
+echo Commands:
+echo * build
+echo * rt