diff --git a/PCbuild/vs9to8.py b/PCbuild/vs9to8.py
index 09496ae..c02cd79 100644
--- a/PCbuild/vs9to8.py
+++ b/PCbuild/vs9to8.py
@@ -22,6 +22,12 @@
             lines = lines.replace('..\\', '..\\..\\')
             lines = lines.replace('..\\..\\..\\..\\', '..\\..\\..\\')
 
+            # Bah. VS8.0 does not expand macros in file names.
+            # Replace them here.
+            lines = lines.replace('$(sqlite3Dir)', '..\\..\\..\\sqlite-source-3.3.4')
+            lines = lines.replace('$(bsddbDir)\\..\\..', '..\\..\\..\\db-4.4.20\\build_win32\\..')
+            lines = lines.replace('$(bsddbDir)', '..\\..\\..\\db-4.4.20\\build_win32')
+
         with open(destname, 'wb') as fout:
             lines = lines.replace("\n", "\r\n").encode()
             fout.write(lines)