Compiler Error - postgress make on mingw for win32

Hi,
While compiling the postgres 8.1x on mingw tool,
getting following error. Does anyone have any clue=20
what is going on here? Does it requires to fix
makefile? If so which make file and what exactly is
the change required?=20
Following is the error I am getting.

dlltool --dllname postgres.exe --def postgres.def
--output-lib libpostgres.a
C:\msys\1.0\mingw\bin\dlltool.exe: CreateProcess
make[2]: *** [libpostgres.a] Error 1
make[2]: *** Deleting file `libpostgres.a'
make[2]: Leaving directory `/postgresql/src/backend'
make[1]: *** [all] Error 2
make[1]: Leaving directory `/postgresql/src'
make: *** [all] Error 2


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