diff --git a/INSTALL b/INSTALL
index 891522bb8..8f2cb3ef0 100644
--- a/INSTALL
+++ b/INSTALL
@@ -93,7 +93,7 @@ always builds static libraries.
 Using Guile Without Installing It =========================================
 
 If you want to run Guile without installing it, set the environment
-variable `SCHEME_LOAD_PATH' to a colon-separated list of directories,
+variable `GUILE_LOAD_PATH' to a colon-separated list of directories,
 including the directory containing this INSTALL file.  If you used a
 separate build directory, you'll need to include the build directory
 in the path as well.
@@ -102,20 +102,20 @@ For example, suppose the Guile distribution unpacked into a directory
 called `/home/jimb/guile-snap' (so the full name of this file would be
 `/home/jimb/guile-snap/INSTALL').  Then you might say:
 
-  export SCHEME_LOAD_PATH=/home/jimb/guile-snap
+  export GUILE_LOAD_PATH=/home/jimb/guile-snap
 
 if you're using Bash or any other Bourne shell variant, or
 
-  setenv SCHEME_LOAD_PATH /home/jimb/guile-snap
+  setenv GUILE_LOAD_PATH /home/jimb/guile-snap
 
 if you're using CSH or one of its variants.
 
 If you built Guile in a separate directory from the source tree, then
-you'll need to include your build directory in the SCHEME_LOAD_PATH as
+you'll need to include your build directory in the GUILE_LOAD_PATH as
 well.  For example, if you built in a subdirectory of the source tree
 called `pentium', you might say:
 
-  export SCHEME_LOAD_PATH=/home/jimb/guile-snap:/home/jimb/guile-snap/pentium
+  export GUILE_LOAD_PATH=/home/jimb/guile-snap:/home/jimb/guile-snap/pentium
 
 
 Building a Statically Linked Guile ========================================