If I'm not wrong you need to add \tools\build\v2 on the BOOST_BUILD_PATH setting
BOOST_BUILD_PATH="C:\Users\JLL\Documents\Visual Studio 2008\Projects\boost_1_40_0\tools\build\v2"
I got closer to making it work with: [ run test.cpp $(boost-build)libs/test/build//boost_test_exec_monitor Now everything compiles but I get link errors: msvc.link ..\..\..\bin.v2\libs\rdb\test\test.test\msvc-9.0express\debug\link-static\test.exe test.obj : error LNK2019: unresolved external symbol "class boost::unit_test::master_test_suite_t & __cdecl boost::unit_ test::framework::master_test_suite(void)" (?master_test_suite@framework@unit_test@boost@@YAAAVmaster_test_suite_t@23@XZ) referenced in function "class boost::unit_test::test_suite * __cdecl init_unit_test_suite(int,char * * const)" (?init_u nit_test_suite@@YAPAVtest_suite@unit_test@boost@@HQAPAD@Z)
Do you have a Jamroot.jam file on your project directory?
A Jamroot (sans extension), copied from the boost tree. J-L