--- a/Source/cmVisualStudio10TargetGenerator.cxx
+++ b/Source/cmVisualStudio10TargetGenerator.cxx
@@ -238,16 +238,31 @@ void cmVisualStudio10TargetGenerator::WriteProjectConfigurationValues()
       }
     configType += "</ConfigurationType>\n";
     this->WriteString(configType.c_str(), 2); 
+    
     const char* mfcFlag = 
-      this->Target->GetMakefile()->GetDefinition("CMAKE_MFC_FLAG");
-    if(mfcFlag)
+       this->Target->GetMakefile()->GetDefinition("CMAKE_MFC_FLAG");
+
+    std::string mfcFlagValue = (mfcFlag) ? mfcFlag : "false";
+    mfcFlagValue = cmSystemTools::LowerCase( mfcFlagValue );
+
+    // Support previous CMake versions, which use 0,1,2
+    if( mfcFlagValue == "1" )
       {
-      this->WriteString("<UseOfMfc>true</UseOfMfc>\n", 2);
+      mfcFlagValue = "static";
       }
-    else
+    else if( mfcFlagValue == "2" )
       {
-      this->WriteString("<UseOfMfc>false</UseOfMfc>\n", 2);
+      mfcFlagValue = "dynamic";
       }
+
+    if( mfcFlagValue != "static" &&
+        mfcFlagValue != "dynamic" )
+      {
+      mfcFlagValue = "false";
+      }
+
+    std::string mfcLine = "<UseOfMfc>" + mfcFlagValue + "</UseOfMfc>";
+    this->WriteString(mfcLine.c_str(), 2);
     if(this->Target->GetType() <= cmTarget::MODULE_LIBRARY &&
        this->ClOptions[*i]->UsingUnicode())
       {