Most versions of gcc should be just fine to compile Python. Python is targeted at ANSI/ISO C compilers, but does not yet use any C99 features.
I don't think there was ever such a thing as "gcc 3.5"; http://gcc.gnu.org/ lists 4.0 as the "current release series" and 3.4.3 as the "previous release series". I'd steer clear of this version. I recommend using the default compiler of your distribution, unless you know of a specific reason to use a different one. Jeff
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