[root@server /tmp/stuff/subversion-1.1.4]# make swig-py
cd subversion/bindings/swig/python/libsvn_swig_py && /usr/local/bin/bash /tmp/stuff/subversion-1.1.4/libtool --silent --mode=link gcc  -g -O2  -g -O2  -DNEON_ZLIB  -L/usr/lib -L/usr/lib  -rpath /usr/local/lib -L/usr/local/lib  -o libsvn_swig_py-1.la  swigutil_py.lo -lswigpy ../../../../../subversion/libsvn_subr/libsvn_subr-1.la ../../../../../subversion/libsvn_delta/libsvn_delta-1.la /usr/lib/libaprutil-0.la -lgdbm -lexpat /tmp/stuff/subversion-1.1.4/apr/libapr-0.la -lm -lcrypt -lintl
/usr/libexec/elf/ld: cannot find -lswigpy
*** Error code 1

Stop in /tmp/stuff/subversion-1.1.4.