That worked, thanks Mark. make worked fine also, but make install failed 
at the end with

running install_egg_info
Writing 
/Library/Frameworks/Python64.framework/Versions/2.6/lib/python2.6/lib-
dynload/Python-2.6-py2.6.egg-info
ln -fs "../../../Python64" 
"/Library/Frameworks/Python64.framework/Versions/2.6/lib/python2.6/confi
g/libpython2.6.a"
cd Mac && make installmacsubtree DESTDIR=""
Creating directory 
/Library/Frameworks/Python64.framework/Versions/2.6/Mac/Tools
DYLD_FRAMEWORK_PATH=/Users/anand/Downloads/Python-2.6:  ../python.exe 
./scripts/cachersrc.py -v 
/Library/Frameworks/Python64.framework/Versions/2.6/lib/python2.6/plat-
mac /Library/Frameworks/Python64.framework/Versions/2.6/Mac/Tools
Traceback (most recent call last):
  File "./scripts/cachersrc.py", line 44, in <module>
    main()
  File "./scripts/cachersrc.py", line 41, in main
    os.path.walk(dir, handler, (verbose, force))
  File "./Lib/posixpath.py", line 224, in walk
    func(arg, top, names)
  File "./scripts/cachersrc.py", line 23, in handler
    macresource.open_pathname(os.path.join(dirname, fn), 
verbose=verbose)
  File "/Users/anand/Downloads/Python-2.6/Lib/plat-mac/macresource.py", 
line 81, in open_pathname
    refno = Res.FSpOpenResFile(pathname, 1)
AttributeError: 'module' object has no attribute 'FSpOpenResFile'
make[1]: *** [installmacsubtree] Error 1
make: *** [frameworkinstallmaclib] Error 2
sihpc03:Python-2.6 anand$