[NTG-context] Texexec changing directories

All, I need some help with an annoying feature that has cropped up after an update of Miktex and Context. D:\NSFGRANT\MultiCalc\VecMat>texexec --version TeXExec 3.2 - ConTeXt / PRAGMA ADE 1997-2003 total run time : 0 seconds F:\PuTTY> Note how the drive letter has changed. This is not just a minor annoyance, because if I have a "make" file such as make.bat defined by texexec --pdf --mode=screen --suffix="-s" Context-VecMat texexec --pdf --mode=letter --suffix="-p" Context-VecMat texexec --pdf --mode=screen --suffix="-s" Context-VecMat texexec --pdf --mode=letter --suffix="-p" Context-VecMat After the first run, the process stops because it can no longer find Context-VecMat on the f: partition. Help!