diff --git a/src/Make_mvc.mak b/src/Make_mvc.mak
index b103bdd..c6a8e31 100644
--- a/src/Make_mvc.mak
+++ b/src/Make_mvc.mak
@@ -740,6 +740,8 @@
 !endif
 !endif
 MZSCHEME_OBJ = $(OUTDIR)\if_mzsch.obj
+# increase stack size
+MZSCHEME_LIB = $(MZSCHEME_LIB) /STACK:8388608
 !endif
 
 # Perl interface
diff --git a/src/if_mzsch.c b/src/if_mzsch.c
index 65873c9..86e96bd 100644
--- a/src/if_mzsch.c
+++ b/src/if_mzsch.c
@@ -31,8 +31,6 @@
  * depend". */
 #if defined(FEAT_MZSCHEME) || defined(PROTO)
 
-#include <assert.h>
-
 /* Base data structures */
 #define SCHEME_VIMBUFFERP(obj)  SAME_TYPE(SCHEME_TYPE(obj), mz_buffer_type)
 #define SCHEME_VIMWINDOWP(obj)  SAME_TYPE(SCHEME_TYPE(obj), mz_window_type)
@@ -559,13 +557,6 @@
     hMzSch = vimLoadLib(sch_dll);
     hMzGC = vimLoadLib(gc_dll);
 
-    if (!hMzSch)
-    {
-	if (verbose)
-	    EMSG2(_(e_loadlib), sch_dll);
-	return FAIL;
-    }
-
     if (!hMzGC)
     {
 	if (verbose)
@@ -573,6 +564,13 @@
 	return FAIL;
     }
 
+    if (!hMzSch)
+    {
+	if (verbose)
+	    EMSG2(_(e_loadlib), sch_dll);
+	return FAIL;
+    }
+
     for (thunk = mzsch_imports; thunk->name; thunk++)
     {
 	if ((*thunk->ptr =
@@ -798,65 +796,68 @@
 static __declspec(thread) void *tls_space;
 #endif
 
-    void
-mzscheme_main(void)
+/*
+ * Since version 4.x precise GC requires trampolined startup.
+ * Futures and places in version 5.x need it too.
+ */
+#if defined(MZ_PRECISE_GC) && MZSCHEME_VERSION_MAJOR >= 400 \
+    || MZSCHEME_VERSION_MAJOR >= 500 && (defined(MZ_USE_FUTURES) || defined(MZ_USE_PLACES))
+# ifdef DYNAMIC_MZSCHEME
+#  error Precise GC v.4+ or Racket with futures/places do not support dynamic MzScheme
+# endif
+# define TRAMPOLINED_MZVIM_STARTUP
+#endif
+
+    int
+mzscheme_main(int argc, char** argv)
 {
 #if MZSCHEME_VERSION_MAJOR >= 500 && defined(WIN32) && defined(USE_THREAD_LOCAL)
     scheme_register_tls_space(&tls_space, 0);
 #endif
-#if defined(MZ_PRECISE_GC) && MZSCHEME_VERSION_MAJOR >= 400
-    /* use trampoline for precise GC in MzScheme >= 4.x */
-    scheme_main_setup(TRUE, mzscheme_env_main, 0, NULL);
+#ifdef TRAMPOLINED_MZVIM_STARTUP
+    return scheme_main_setup(TRUE, mzscheme_env_main, argc, argv);
 #else
-    mzscheme_env_main(NULL, 0, NULL);
+    return mzscheme_env_main(NULL, argc, argv);
 #endif
 }
 
     static int
-mzscheme_env_main(Scheme_Env *env, int argc UNUSED, char **argv UNUSED)
+mzscheme_env_main(Scheme_Env *env, int argc, char **argv)
 {
-    /* neither argument nor return values are used */
-#ifdef MZ_PRECISE_GC
-# if MZSCHEME_VERSION_MAJOR < 400
-    /*
-     * Starting from version 4.x, embedding applications must use
-     * scheme_main_setup/scheme_main_stack_setup trampolines
-     * rather than setting stack base directly with scheme_set_stack_base
-     */
+    int vim_main_result;
+#ifdef TRAMPOLINED_MZVIM_STARTUP
+    /* Scheme has created the environment for us */
+    environment = env;
+#else
+# ifdef MZ_PRECISE_GC
     Scheme_Object   *dummy = NULL;
     MZ_GC_DECL_REG(1);
     MZ_GC_VAR_IN_REG(0, dummy);
 
     stack_base = &__gc_var_stack__;
 # else
-    /* environment has been created by us by Scheme */
-    environment = env;
-# endif
-    /*
-     * In 4.x, all activities must be performed inside trampoline
-     * so we are forced to initialise GC immediately
-     * This can be postponed in 3.x but I see no point in implementing
-     * a feature which will work in older versions only.
-     * One would better use conservative GC if he needs dynamic MzScheme
-     */
-    mzscheme_init();
-#else
     int dummy = 0;
     stack_base = (void *)&dummy;
+# endif
 #endif
-    main_loop(FALSE, FALSE);
-#if defined(MZ_PRECISE_GC) && MZSCHEME_VERSION_MAJOR < 400
+
+    /* mzscheme_main is called as a trampoline from main.
+     * We trampoline into vim_main2
+     * Passing argc, argv through from mzscheme_main
+     */
+    vim_main_result = vim_main2(argc, argv);
+#if !defined(TRAMPOLINED_MZVIM_STARTUP) && defined(MZ_PRECISE_GC)
     /* releasing dummy */
     MZ_GC_REG();
     MZ_GC_UNREG();
 #endif
-    return 0;
+    return vim_main_result;
 }
 
     static void
 startup_mzscheme(void)
 {
-#if !defined(MZ_PRECISE_GC) || MZSCHEME_VERSION_MAJOR < 400
+#ifndef TRAMPOLINED_MZVIM_STARTUP
     scheme_set_stack_base(stack_base, 1);
 #endif
 
@@ -868,7 +869,7 @@
     MZ_REGISTER_STATIC(exn_message);
     MZ_REGISTER_STATIC(vim_exn);
 
-#if !defined(MZ_PRECISE_GC) || MZSCHEME_VERSION_MAJOR < 400
+#ifndef TRAMPOLINED_MZVIM_STARTUP
     /* in newer versions of precise GC the initial env has been created */
     environment = scheme_basic_env();
 #endif
@@ -3013,7 +3014,6 @@
 	MZ_GC_REG();
 
 	tmp = scheme_make_struct_names(exn_name, scheme_null, 0, &nc);
-	assert(nc <= 5);
 	mch_memmove(exn_names, tmp, nc * sizeof(Scheme_Object *));
 	MZ_GC_CHECK();
 
diff --git a/src/main.c b/src/main.c
index d1702fe..d9f8df4 100644
--- a/src/main.c
+++ b/src/main.c
@@ -554,6 +554,31 @@
     debug_break_level = params.use_debug_break_level;
 #endif
 
+#ifdef FEAT_MZSCHEME
+    /*
+     * Newer version of MzScheme (Racket) require earlier (trampolined)
+     * initialisation via scheme_main_setup.
+     * Implement this by initialising it as early as possible
+     * and splitting off remaining Vim main into vim_main2
+     */
+    {
+	/* Pack up preprocessed command line arguments.
+	 * It is safe because Scheme does not access argc/argv. */
+	char *args[2];
+	args[0] = (char *)fname;
+	args[1] = (char *)&params;
+	return mzscheme_main(2, args);
+    }
+}
+
+int vim_main2(int argc, char **argv)
+{
+    char_u	*fname = (char_u *)argv[0];
+    mparm_T	params;
+
+    memcpy(&params, argv[1], sizeof(params));
+#endif
+
     /* Execute --cmd arguments. */
     exe_pre_commands(&params);
 
@@ -957,14 +982,8 @@
 
     /*
      * Call the main command loop.  This never returns.
-     * For embedded MzScheme the main_loop will be called by Scheme
-     * for proper stack tracking
-     */
-#ifndef FEAT_MZSCHEME
+    */
     main_loop(FALSE, FALSE);
-#else
-    mzscheme_main();
-#endif
 
     return 0;
 }
diff --git a/src/proto/if_mzsch.pro b/src/proto/if_mzsch.pro
index 60e99bd..d1180bf 100644
--- a/src/proto/if_mzsch.pro
+++ b/src/proto/if_mzsch.pro
@@ -14,6 +14,7 @@
 void mzvim_reset_timer __ARGS((void));
 void *mzvim_eval_string __ARGS((char_u *str));
 int mzthreads_allowed __ARGS((void));
-void mzscheme_main __ARGS((void));
+int mzscheme_main __ARGS((int argc, char **argv));
 void do_mzeval __ARGS((char_u *str, typval_T *rettv));
+int vim_main2 __ARGS((int argc, char **argv));
 /* vim: set ft=c : */
diff --git a/src/version.c b/src/version.c
index 2519664..9285e43 100644
--- a/src/version.c
+++ b/src/version.c
@@ -715,6 +715,8 @@
 static int included_patches[] =
 {   /* Add new patch number below this line */
 /**/
+    441,
+/**/
     440,
 /**/
     439,