Error compiling mplayer r26450: "../etc/mplayer.ico" not found

I tried to compile r26450 using mingw. I got this error:

$ make
./version.sh `gcc -dumpversion`
windres -o osdep/mplayer-rc.o osdep/mplayer.rc
j:\mingw\bin\windres.exe: can't open icon file `../etc/mplayer.ico': No such 
file or directory
make: *** [osdep/mplayer-rc.o] Error 1

Although I could fix it with this modification:

Index: osdep/mplayer.rc
===================================================================
--- osdep/mplayer.rc    (revisi¢n: 26450)
+++ osdep/mplayer.rc    (copia de trabajo)
@@ -35,5 +35,5 @@
     }
 }
 
-IDI_ICON1 ICON DISCARDABLE  "../etc/mplayer.ico"
+IDI_ICON1 ICON DISCARDABLE  "etc/mplayer.ico"

-- 
RVM