diff --git a/Pm/PmDriver.icl b/Pm/PmDriver.icl
index bd4d3e53f13f6fcc249bc886bb609a2ffb430109..0fca069a7ff8f300dcfb05d775fd2a43c44572dc 100644
--- a/Pm/PmDriver.icl
+++ b/Pm/PmDriver.icl
@@ -940,8 +940,15 @@ step intr (DLink ds=:{ok, newpaths, fileinfo, libsinfo, modpaths, abccache, proj
 								= GetPathNames linkObjFileNames ofiles srcpaths abcPathsCache ps
 	# (_,ofiles`,abcPathsCache, ps)
 								= GetPathNames /*abcLinkInfo.*/linkObjFileNames ofiles` srcpaths abcPathsCache ps
+	# (shared_libraries,library_files)
+								= IF_WINDOWS
+									(Nil, libs)
+									( [|l \\ (_,l) <|- libs | isSharedLibrary l]
+									, Filter (\(_,l) -> not (isSharedLibrary l)) libs
+									)
+								with isSharedLibrary l = size l >= 2 && l.[0]=='-' && l.[1]=='l'
 	# (libPathsOk,lfiles,abcPathsCache, ps)
-								= GetPathNames libs lfiles srcpaths abcPathsCache ps
+								= GetPathNames library_files lfiles srcpaths abcPathsCache ps
 	| not objPathsOk
 		# line					= Level3 ["Link error: File: '" +++ (Head ofiles) +++ "' not found."]
 		# ps					= showInfo line ps
@@ -957,6 +964,7 @@ step intr (DLink ds=:{ok, newpaths, fileinfo, libsinfo, modpaths, abccache, proj
 	# ofiles					= Concat extraObjectModules ofiles
 	# ofiles`					= Concat extraObjectModules ofiles`
 	# lfiles					= Concat lo.libraries lfiles
+	# lfiles					= Concat shared_libraries lfiles
 
 	# (env_static_libs,ps)		= getCurrentSlibs ps
 	#! sfiles					= Concat (SL_Libs libsinfo) env_static_libs		// only if really used?