diff --git a/include/slibtool/slibtool.h b/include/slibtool/slibtool.h
index ee70c79..31252d6 100644
--- a/include/slibtool/slibtool.h
+++ b/include/slibtool/slibtool.h
@@ -308,6 +308,7 @@ slbt_api int  slbt_main                 (char **, char **,
 
 slbt_api int  slbt_output_config        (const struct slbt_driver_ctx *);
 slbt_api int  slbt_output_features      (const struct slbt_driver_ctx *);
+slbt_api int  slbt_output_fdcwd         (const struct slbt_driver_ctx *);
 slbt_api int  slbt_output_exec          (const struct slbt_driver_ctx *, const struct slbt_exec_ctx *, const char *);
 slbt_api int  slbt_output_compile       (const struct slbt_driver_ctx *, const struct slbt_exec_ctx *);
 slbt_api int  slbt_output_execute       (const struct slbt_driver_ctx *, const struct slbt_exec_ctx *);
diff --git a/project/common.mk b/project/common.mk
index cd653bc..e756abe 100644
--- a/project/common.mk
+++ b/project/common.mk
@@ -14,6 +14,7 @@ API_SRCS = \
 	src/output/slbt_output_config.c \
 	src/output/slbt_output_error.c \
 	src/output/slbt_output_exec.c \
+	src/output/slbt_output_fdcwd.c \
 	src/output/slbt_output_features.c \
 	src/skin/slbt_skin_default.c \
 	src/skin/slbt_skin_install.c \
diff --git a/src/output/slbt_output_fdcwd.c b/src/output/slbt_output_fdcwd.c
new file mode 100644
index 0000000..5e1d6da
--- /dev/null
+++ b/src/output/slbt_output_fdcwd.c
@@ -0,0 +1,123 @@
+/*******************************************************************/
+/*  slibtool: a skinny libtool implementation, written in C        */
+/*  Copyright (C) 2016--2020  Z. Gilboa                            */
+/*  Released under the Standard MIT License; see COPYING.SLIBTOOL. */
+/*******************************************************************/
+
+#include <fcntl.h>
+#include <stdio.h>
+#include <string.h>
+#include <errno.h>
+#include <unistd.h>
+#include <slibtool/slibtool.h>
+
+#include "slibtool_driver_impl.h"
+#include "slibtool_dprintf_impl.h"
+
+static const char aclr_reset[]   = "\x1b[0m";
+static const char aclr_bold[]    = "\x1b[1m";
+
+static const char aclr_green[]   = "\x1b[32m";
+static const char aclr_blue[]    = "\x1b[34m";
+static const char aclr_magenta[] = "\x1b[35m";
+
+static int slbt_output_fdcwd_plain(const struct slbt_driver_ctx * dctx)
+{
+	char         path[PATH_MAX];
+	char         scwd[20];
+
+	int          fdcwd   = slbt_driver_fdcwd(dctx);
+	int          fderr   = slbt_driver_fderr(dctx);
+	int          ferror  = 0;
+
+	if (fdcwd == AT_FDCWD) {
+		strcpy(scwd,"AT_FDCWD");
+	} else {
+		sprintf(scwd,"%d",fdcwd);
+	}
+
+	if (slbt_realpath(fdcwd,".",0,path,sizeof(path)) < 0) {
+		ferror = 1;
+		memset(path,0,sizeof(path));
+		strerror_r(errno,path,sizeof(path));
+	}
+
+	if (slbt_dprintf(
+			fderr,
+			"%s: %s: {.fdcwd=%s, .realpath%s=%c%s%c}.\n",
+			dctx->program,
+			"fdcwd",
+			scwd,
+			ferror ? ".error" : "",
+			ferror ? '[' : '"',
+			path,
+			ferror ? ']' : '"') < 0)
+		return -1;
+
+	return 0;
+}
+
+static int slbt_output_fdcwd_annotated(const struct slbt_driver_ctx * dctx)
+{
+	char         path[PATH_MAX];
+	char         scwd[20];
+
+	int          fdcwd   = slbt_driver_fdcwd(dctx);
+	int          fderr   = slbt_driver_fderr(dctx);
+	int          ferror  = 0;
+
+	if (fdcwd == AT_FDCWD) {
+		strcpy(scwd,"AT_FDCWD");
+	} else {
+		sprintf(scwd,"%d",fdcwd);
+	}
+
+	if (slbt_realpath(fdcwd,".",0,path,sizeof(path)) < 0) {
+		ferror = 1;
+		memset(path,0,sizeof(path));
+		strerror_r(errno,path,sizeof(path));
+	}
+
+	if (slbt_dprintf(
+			fderr,
+			"%s%s%s%s: %s%s%s: {.fdcwd=%s%s%s%s, .realpath%s=%s%s%c%s%c%s}.\n",
+
+			aclr_bold,aclr_magenta,
+			dctx->program,
+			aclr_reset,
+
+			aclr_bold,
+			"fdcwd",
+			aclr_reset,
+
+			aclr_bold,aclr_blue,
+			scwd,
+			aclr_reset,
+
+			ferror ? ".error" : "",
+			aclr_bold,aclr_green,
+			ferror ? '[' : '"',
+			path,
+			ferror ? ']' : '"',
+			aclr_reset) < 0)
+		return -1;
+
+	return 0;
+}
+
+int slbt_output_fdcwd(const struct slbt_driver_ctx * dctx)
+{
+	int fderr = slbt_driver_fderr(dctx);
+
+	if (dctx->cctx->drvflags & SLBT_DRIVER_ANNOTATE_NEVER)
+		return slbt_output_fdcwd_plain(dctx);
+
+	else if (dctx->cctx->drvflags & SLBT_DRIVER_ANNOTATE_ALWAYS)
+		return slbt_output_fdcwd_annotated(dctx);
+
+	else if (isatty(fderr))
+		return slbt_output_fdcwd_annotated(dctx);
+
+	else
+		return slbt_output_fdcwd_plain(dctx);
+}