diff --git a/src/Make_mvc.mak b/src/Make_mvc.mak
index 07ebb75..2bbbb47 100644
--- a/src/Make_mvc.mak
+++ b/src/Make_mvc.mak
@@ -192,8 +192,7 @@
 DIRECTX = $(GUI)
 !endif
 
-# Select one of eight object code directories, depends on GUI, OLE, DEBUG and
-# interfaces.
+# Select a code directory, depends on GUI, OLE, DEBUG, interfaces and etc.
 # If you change something else, do "make clean" first!
 !if "$(VIMDLL)" == "yes"
 OBJDIR = .\ObjD
@@ -202,7 +201,7 @@
 !else
 OBJDIR = .\ObjC
 !endif
-!if "$(DIRECTX)" == "yes"
+!if "$(DIRECTX)" == "yes" && "$(GUI)" == "yes"
 OBJDIR = $(OBJDIR)X
 !endif
 !if "$(OLE)" == "yes"
@@ -229,6 +228,9 @@
 !ifdef MZSCHEME
 OBJDIR = $(OBJDIR)Z
 !endif
+!ifdef USE_MSVCRT
+OBJDIR = $(OBJDIR)V
+!endif
 !if "$(DEBUG)" == "yes"
 OBJDIR = $(OBJDIR)d
 !endif