diff --git a/makepanda/makepanda.py b/makepanda/makepanda.py
index 1496d040f3..1a48baf1d9 100755
--- a/makepanda/makepanda.py
+++ b/makepanda/makepanda.py
@@ -1849,8 +1849,9 @@ if (sys.platform.startswith("win")):
         if (GetOptimize() <= 2): pydll += "_d.dll"
         else: pydll += ".dll"
         CopyFile(GetOutputDir()+"/bin"+pydll, SDK["PYTHON"]+pydll)
-        CopyTree(GetOutputDir()+"/python", SDK["PYTHON"])
-        ConditionalWriteFile(GetOutputDir()+"/python/panda.pth", "..\n../bin\n")
+        if not RTDIST:
+            CopyTree(GetOutputDir()+"/python", SDK["PYTHON"])
+            ConditionalWriteFile(GetOutputDir()+"/python/panda.pth", "..\n../bin\n")
 
 ########################################################################
 ##