VS2K3 doesn't copy file reference

[Hexonx]

I'm having a problem in VS2K3 whereby a file reference of a project reference isn't being copied to output folder upon compilation.

Here's the solution structure:

ProjectA
References
Assembly1.dll (File reference; CopyLocal = True)
ProjectB
References
ProjectA (Project reference; CopyLocal = True)

After compiling:

ProjectA's output folder contains:
ProjectA.dll
Assembly1.dll

ProjectB's output folder contains:
ProjectA.dll
ProjectB.dll
(but not Assembly1.dll)

Has anyone seen or resolved this?

Craig Boland