> C:\boost_1_49_0>b2 --build-dir=\boost-build toolset=gcc
> --build-type=complete stage --prefix=c:\boost-prefix\ install

I'm not super experienced here but having both stage and install targets maybe doesn't work? Maybe try

C:\boost_1_49_0>b2 --build-dir=\boost-build toolset=gcc
--build-type=complete --prefix=c:\boost-prefix\ install