You even don't need the qt-win-opensource-4.7.2-mingw package. The source code package is enough. Then you need your prefered compiler (which might already be on your machine, perhaps MSVS 2008, 2001, 2005, mingw, whatever). Then you can build Qt with the compiler of your choice (takes some minutes, or hours) and everything is fine. It contains everything you need, QtDesigner for rapid GUI developement, QtAssitant for OnlineHelp, Headers, source, ...