I'm only "guessing based on what I happened to find on the web", but perhaps you should use "-lglut32"?
http://www.xmission.com/~nate/glut/README-win32.txt
If that fails, open a command prompt window, and do "dir /s/b *glut*lib" on the disk where you expect to find your library files. If it's not obvious to you what's the right answer, post the output of this command here. [assuming of course it's not HUGE - it shouldn't be].
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Mats