diff --git a/Source/cmComputeLinkDepends.cxx b/Source/cmComputeLinkDepends.cxx
index b13a125a3..1fb8f30f4 100644
--- a/Source/cmComputeLinkDepends.cxx
+++ b/Source/cmComputeLinkDepends.cxx
@@ -263,21 +263,26 @@ cmComputeLinkDepends::Compute()
   this->OrderLinkEntires();
 
   // Compute the final set of link entries.
+  // Iterate in reverse order so we can keep only the last occurrence
+  // of a shared library.
   std::set<int> emmitted;
-  for(std::vector<int>::const_iterator li = this->FinalLinkOrder.begin();
-      li != this->FinalLinkOrder.end(); ++li)
+  for(std::vector<int>::const_reverse_iterator
+        li = this->FinalLinkOrder.rbegin(),
+        le = this->FinalLinkOrder.rend();
+      li != le; ++li)
     {
     int i = *li;
     LinkEntry const& e = this->EntryList[i];
     cmTarget const* t = e.Target;
-    // Entries that we know the linker will re-use for symbols
-    // needed by later entries do not need to be repeated.
+    // Entries that we know the linker will re-use do not need to be repeated.
     bool uniquify = t && t->GetType() == cmTarget::SHARED_LIBRARY;
     if(!uniquify || emmitted.insert(i).second)
       {
       this->FinalLinkEntries.push_back(e);
       }
     }
+  // Reverse the resulting order since we iterated in reverse.
+  std::reverse(this->FinalLinkEntries.begin(), this->FinalLinkEntries.end());
 
   // Display the final set.
   if(this->DebugMode)
diff --git a/Tests/Dependency/CMakeLists.txt b/Tests/Dependency/CMakeLists.txt
index ef4204803..ebc2d1066 100644
--- a/Tests/Dependency/CMakeLists.txt
+++ b/Tests/Dependency/CMakeLists.txt
@@ -51,3 +51,4 @@ add_subdirectory(Case1)
 add_subdirectory(Case2)
 add_subdirectory(Case3)
 add_subdirectory(Case4)
+add_subdirectory(Case5)
diff --git a/Tests/Dependency/Case5/CMakeLists.txt b/Tests/Dependency/Case5/CMakeLists.txt
new file mode 100644
index 000000000..e954b02ea
--- /dev/null
+++ b/Tests/Dependency/Case5/CMakeLists.txt
@@ -0,0 +1,8 @@
+project(CASE5 C)
+
+add_library(case5Foo SHARED foo.c)
+add_library(case5Bar STATIC bar.c)
+target_link_libraries(case5Bar case5Foo)
+
+add_executable(case5 main.c)
+target_link_libraries(case5 case5Foo case5Bar)
diff --git a/Tests/Dependency/Case5/bar.c b/Tests/Dependency/Case5/bar.c
new file mode 100644
index 000000000..4cb1b1bd1
--- /dev/null
+++ b/Tests/Dependency/Case5/bar.c
@@ -0,0 +1,12 @@
+#ifdef _WIN32
+__declspec(dllimport)
+#endif
+void foo(void);
+
+#include <stdio.h>
+
+void bar(void)
+{
+  foo();
+  printf("bar()\n");
+}
diff --git a/Tests/Dependency/Case5/foo.c b/Tests/Dependency/Case5/foo.c
new file mode 100644
index 000000000..794833dce
--- /dev/null
+++ b/Tests/Dependency/Case5/foo.c
@@ -0,0 +1,9 @@
+#include <stdio.h>
+
+#ifdef _WIN32
+__declspec(dllexport)
+#endif
+void foo(void)
+{
+  printf("foo()\n");
+}
diff --git a/Tests/Dependency/Case5/main.c b/Tests/Dependency/Case5/main.c
new file mode 100644
index 000000000..ae3dc9570
--- /dev/null
+++ b/Tests/Dependency/Case5/main.c
@@ -0,0 +1,7 @@
+void bar(void);
+
+int main(int argc, char *argv[])
+{
+  bar();
+  return 0;
+}