diff --git a/configure.ac b/configure.ac
index 3969929ec..9f87809b5 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1644,10 +1644,6 @@ pkgdatadir="$datadir/$PACKAGE_TARNAME"
 sitedir="$pkgdatadir/site/$GUILE_EFFECTIVE_VERSION"
 AC_SUBST([sitedir])
 
-dnl Name of the `guile' program.
-guile_program_name="`echo guile | "$SED" "$program_transform_name"`"
-AC_SUBST([guile_program_name])
-
 # Additional SCM_I_GSC definitions are above.
 AC_SUBST([SCM_I_GSC_GUILE_DEBUG])
 AC_SUBST([SCM_I_GSC_ENABLE_DEPRECATED])
@@ -1684,7 +1680,6 @@ GUILE_CONFIG_SCRIPT([benchmark-guile])
 GUILE_CONFIG_SCRIPT([meta/guile])
 GUILE_CONFIG_SCRIPT([meta/uninstalled-env])
 GUILE_CONFIG_SCRIPT([meta/gdb-uninstalled-guile])
-GUILE_CONFIG_SCRIPT([meta/guild])
 GUILE_CONFIG_SCRIPT([libguile/guile-snarf])
 GUILE_CONFIG_SCRIPT([libguile/guile-snarf-docs])
 GUILE_CONFIG_SCRIPT([test-suite/standalone/test-use-srfi])
diff --git a/meta/Makefile.am b/meta/Makefile.am
index 2d3c462a4..102b7974d 100644
--- a/meta/Makefile.am
+++ b/meta/Makefile.am
@@ -2,7 +2,7 @@
 ## Jim Blandy <jimb@red-bean.com> --- September 1997
 ##
 ##  	Copyright (C) 1998, 1999, 2001, 2006, 2007, 2008, 2009, 2011,
-##        2012, 2013 Free Software Foundation, Inc.
+##        2012, 2013, 2014 Free Software Foundation, Inc.
 ##
 ##   This file is part of GUILE.
 ##   
@@ -54,4 +54,14 @@ guile-config: $(srcdir)/guile-config.in $(top_builddir)/config.status
 	mv guile-config.out guile-config
 	chmod +x guile-config
 
-CLEANFILES = guile-config
+guild: $(srcdir)/guild.in $(top_builddir)/config.status
+	guile="@bindir@/`echo guile | $(SED) -e '$(program_transform_name)'`" ;	\
+	cat $(srcdir)/guild.in							\
+	| $(SED) -e "s,@installed_guile@,$$guile,g"				\
+	         -e "s,[@]PACKAGE_NAME[@],$(PACKAGE_NAME),g"			\
+	         -e "s,[@]PACKAGE_BUGREPORT[@],$(PACKAGE_BUGREPORT),g"		\
+	> "$@.out"
+	chmod +x "$@.out"
+	mv "$@.out" "$@"
+
+CLEANFILES = guile-config guild
diff --git a/meta/guild.in b/meta/guild.in
index d501a0daf..a68e0ff95 100755
--- a/meta/guild.in
+++ b/meta/guild.in
@@ -1,14 +1,12 @@
 #!/bin/sh
 # -*- scheme -*-
-prefix="@prefix@"
-exec_prefix="@exec_prefix@"
-exec ${GUILE:-@bindir@/@guile_program_name@} $GUILE_FLAGS -e '(@@ (guild) main)' -s "$0" "$@"
+exec ${GUILE:-@installed_guile@} $GUILE_FLAGS -e '(@@ (guild) main)' -s "$0" "$@"
 !#
 
 ;;;; guild --- running scripts bundled with Guile
 ;;;; Andy Wingo <wingo@pobox.com> --- April 2009
 ;;;; 
-;;;; 	Copyright (C) 2009, 2010, 2011, 2013 Free Software Foundation, Inc.
+;;;; 	Copyright (C) 2009, 2010, 2011, 2013, 2014 Free Software Foundation, Inc.
 ;;;; 
 ;;;; This library is free software; you can redistribute it and/or
 ;;;; modify it under the terms of the GNU Lesser General Public