Python issue:Unable to find vcvarsall.bat [duplicate]
You will need MSVC compiler or mingw32 to compile that, and also need MySQL Header files.
I've compiled once for MySQL1.2.3c1 for Python2.6, you could find it here.
I realize this question is over a year old. However, YOU's executables don't work for Win64 machines. I've found Christopher Gohlke's Python libraries extremely helpful: http://www.lfd.uci.edu/~gohlke/pythonlibs/.
For MySQL-python on Win64 and Py27: http://www.lfd.uci.edu/~gohlke/pythonlibs/49ej5jcn/MySQL-python-1.2.3.win-amd64-py2.7.exe
You can also try this: http://blog.eddsn.com/2010/05/unable-to-find-vcvarsall-bat/