diff --git a/ChangeLog b/ChangeLog
index 4e7cfe8e..482b0420 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,8 @@
+2003-12-31  Alexandre Duret-Lutz  <adl@gnu.org>
+
+	* ltmain.sh: Quote $exec_cmd before it is eval'ed, so that
+	libtool --mode=execute echo '4 * 5' does not expand the `*'.
+
 2003-11-28  Peter O'Gorman  <peter@pogma.com>
 
 	* m4/libtool.m4: Move things around so that "setopt NO_GLOB_SUBST"
diff --git a/ltmain.in b/ltmain.in
index 06b51254..907cd254 100644
--- a/ltmain.in
+++ b/ltmain.in
@@ -6357,7 +6357,7 @@ relink_command=\"$relink_command\""
 fi # test -z "$show_help"
 
 if test -n "$exec_cmd"; then
-  eval exec $exec_cmd
+  eval exec "$exec_cmd"
   exit 1
 fi