Message 74438 - Python tracker

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Do you mean the -rpath option?

Note that this is (IMHO) less useful  than on other systems because the 
linked-to library needs to have a specific link path (@rpath/mylib.dylib).

It can be useful for linking extentions though.

Using this feature requires OSX 10.5, AFAIK it is not supported on earlier  
releases of OSX.