diff --git a/src/actions/vstudio/vs2010_vcxproj.lua b/src/actions/vstudio/vs2010_vcxproj.lua
index 043e3318..bdd36e02 100644
--- a/src/actions/vstudio/vs2010_vcxproj.lua
+++ b/src/actions/vstudio/vs2010_vcxproj.lua
@@ -119,6 +119,15 @@
 	end
 
 
+--
+-- Write out the TargetFrameworkVersion property.
+--
+
+	function vc2010.targetFramework(prj)
+		local framework = prj.framework or "4.0"
+		_p(2,'<TargetFrameworkVersion>v%s</TargetFrameworkVersion>', framework)
+	end
+
 --
 -- Write out the Globals property group.
 --
@@ -146,7 +155,7 @@
 				_p(2,'<Keyword>MakeFileProj</Keyword>')
 			else
 				if isManaged then
-					_p(2,'<TargetFrameworkVersion>v4.0</TargetFrameworkVersion>')
+					vc2010.targetFramework(prj)	
 					_p(2,'<Keyword>ManagedCProj</Keyword>')
 				else
 					_p(2,'<Keyword>Win32Proj</Keyword>')
diff --git a/tests/actions/vstudio/vc2010/test_globals.lua b/tests/actions/vstudio/vc2010/test_globals.lua
index 174c0638..d5d52cda 100755
--- a/tests/actions/vstudio/vc2010/test_globals.lua
+++ b/tests/actions/vstudio/vc2010/test_globals.lua
@@ -59,6 +59,25 @@
 	end
 
 
+--
+-- Ensure custom target framework version correct for Managed C++ projects.
+--
+
+	function suite.frameworkVersionIsCorrect_onManagedC()
+		flags { "Managed" }
+		framework "4.5"
+		prepare()
+		test.capture [[
+	<PropertyGroup Label="Globals">
+		<ProjectGuid>{42B5DBC6-AE1F-903D-F75D-41E363076E92}</ProjectGuid>
+		<TargetFrameworkVersion>v4.5</TargetFrameworkVersion>
+		<Keyword>ManagedCProj</Keyword>
+		<RootNamespace>MyProject</RootNamespace>
+	</PropertyGroup>
+		]]
+	end
+
+
 --
 -- Omit Keyword and RootNamespace for non-Windows projects.
 --