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Thanks for the gdb tip, I've switched to the solaris7 pkg 
for gdb.  The version info for gcc does not explicitly list 
what flavor of Solaris it's built for, but the version 
number is 3.0.3, and it reads it's specs 
from /usr/local/lib/gcc-lib/sparc-sun-
solaris2.7/3.0.3/specs, which leads me to believe that it's 
built for solaris7.  

Anywho, after some freaking around with env var's & gdb, I 
got the following output (see gdbout).  It leads me to 
believe that the problem is in /usr/lib/libc.so.1, but I'm 
not sure how to replace/update this lib, or even if it is 
indeed the source of my python misery.

Any input or guidance would be appreciated.

thanks,
-sharad.