VS2005 build step doesn't set file/product version

[GJB]

I can recreate this without converting to the Intel compiler file system. I've created a trivial project that exhibits the behaviour.

If I point the build step at the .rc file itself, the increment occurs without a problem. When I point at the solution, no increment occurs. Am I misunderstanding the behaviour of the version increment?

The project attached has two steps ... one points at the solution, the other at the .rc file. Am I correct in thinking that when I run this build, the version number will increment twice (becase the solution build performs a rebuild and the .rc step always increments)?