diff --git a/external/installer-linux/build.sh b/external/installer-linux/build.sh
index 3afe637461..1c08c88ca0 100755
--- a/external/installer-linux/build.sh
+++ b/external/installer-linux/build.sh
@@ -3,16 +3,37 @@
 VERSION="3.4.0-release"
 BASE=`dirname $0`
 
-# Grab a fresh copy of Metasploit
-if [ -f "tmp/msf3/msfconsole" ]; then
-	svn update tmp/msf3/
-else
-	svn checkout https://www.metasploit.com/svn/framework3/trunk tmp/msf3/
-fi
-(cd tmp; tar cf msf3.tar msf3)
+# We can only "exclude" directories.  For specific files, we just have to rm
+# them.
+MINI_EXCLUDES="
+data/templates/src
+documentation
+external/installer-linux
+external/installer-win32
+external/source
+lib/rex/exploitation/opcodedb.rb
+test
+"
+MINI_RM="
+msfd
+msfelfscan
+msfgui
+msfmachscan
+msfopcode
+msfpescan
+msfrpc
+msfrpcd
+msfweb
+test
+$(find tmp/msf3-mini -name '*.rb.ut.rb')
+"
 
+
+#
+# Expects tmp/msf3.tar to exist
+#
 build_makeself() {
-    NAME=$1
+    TITLE=$1
     INSTALLER_FILENAME=$2
     BIN_TARBALL_PATH=$3
 
@@ -23,17 +44,57 @@ build_makeself() {
     bunzip2 ${TMP}/metasploit.tar.bz2
     cp -a scripts/*.sh ${TMP}/
     cp -a scripts/msfupdate ${TMP}/
-    makeself "${TMP}" "${INSTALLER_FILENAME}" "${NAME}" ./installer.sh
+    makeself "${TMP}" "${INSTALLER_FILENAME}" "${TITLE}" ./installer.sh
     rm -rf ${TMP}
 }
 
-NAME32="Metasploit Framework v${VERSION} Installer (32-bit)"
-PATH32="framework-${VERSION}-linux-i686.run"
-BINPATH32="${BASE}/bin/linux32.tar.bz2"
-build_makeself "${NAME32}" "${PATH32}" "${BINPATH32}"
+if [ -f tmp/msf3/msfconsole ]; then
+    svn up tmp/msf3
+else
+    svn co https://www.metasploit.com/svn/framework3/trunk msf3
+fi
+if [ -f tmp/msf3-mini/msfconsole ]; then
+    svn up tmp/msf3-mini
+else
+    cp -r tmp/msf3 tmp/msf3-mini
+    for dir in ${MINI_EXCLUDES}; do
+        # Supposedly only have to do this once
+        svn up --set-depth=exclude "$dir" 2>/dev/null
+    done
+fi
+for file in ${MINI_RM}; do
+    rm -rf tmp/msf3-mini/"$file"
+done
+
+
+(cd tmp; tar cf msf3.tar msf3)
+
+TITLE="Metasploit Framework v${VERSION} Installer (64-bit)"
+INSTALLER_FILENAME="framework-${VERSION}-linux-x86_64.run"
+BINPATH="${BASE}/bin/linux64.tar.bz2"
+if [ -f ${BINPATH} ]; then
+    build_makeself "${TITLE}" "${INSTALLER_FILENAME}" "${BINPATH}"
+fi
+
+TITLE="Metasploit Framework v${VERSION} Installer (32-bit)"
+INSTALLER_FILENAME="framework-${VERSION}-linux-i686.run"
+BINPATH="${BASE}/bin/linux32.tar.bz2"
+if [ -f ${BINPATH} ]; then
+    # Build the regular 32-bit installer
+    # Uses the same msf3.tar as 64-bit, so we don't need to regenerate it.
+    build_makeself "${TITLE}" "${INSTALLER_FILENAME}" "${BINPATH}"
+
+    # Set up and build the mini 32-bit installer
+    mv tmp/msf3 tmp/msf3-full
+    mv tmp/msf3-mini tmp/msf3
+    (cd tmp; tar cf msf3.tar msf3)
+    mv tmp/msf3 tmp/msf3-mini
+    mv tmp/msf3-full tmp/msf3
+
+    TITLE="Metasploit Framework v${VERSION} Miniature Installer (32-bit)"
+    INSTALLER_FILENAME="framework-${VERSION}-mini-linux-i686.run"
+    BINPATH="${BASE}/bin/linux32.tar.bz2"
+    build_makeself "${TITLE}" "${INSTALLER_FILENAME}" "${BINPATH}"
+fi
 
-NAME64="Metasploit Framework v${VERSION} Installer (64-bit)"
-PATH64="framework-${VERSION}-linux-x86_64.run"
-BINPATH64="${BASE}/bin/linux64.tar.bz2"
-build_makeself "${NAME64}" "${PATH64}" "${BINPATH64}"