dyn_lib fails

According to the CHANGES file,
"
   work around Ubuntu who added -fstack-protector to their gcc, which 
  added stack protector code to the function from the dietlibc startup 
   code that sets up the registers and segments used by the stack 
protector mechanism.
"

... I assumed that make dyn_lib would not fail on an ubuntu box. 
Unfortunately, it seems to fail at the end of the linking stage:
env -u LD_RUN_PATH gcc -D__dietlibc__ -nostdlib -shared -o 
pic-i386/libc.so -pipe -nostdinc -Os -fomit-frame-pointer 
-falign-functions=1 -falign-jumps=1 -falign-loops=1 
-mpreferred-stack-boundary=2 -W -Wall -Wextra -Wchar-subscripts 
-Wmissing-prototypes -Wmissing-declarations -Wno-switch -Wno-unused 
-Wredundant-decls -fPIC
[ long list of files ]
pic-i386/execl.o: In function `execl':
execl.c:(.text+0x70): undefined reference to `__stack_chk_fail_local'
pic-i386/execle.o: In function `execle':
execle.c:(.text+0x73): undefined reference to `__stack_chk_fail_local'
pic-i386/exec_lib.o: In function `__exec_shell':
exec_lib.c:(.text+0x97): undefined reference to `__stack_chk_fail_local'
pic-i386/execlp.o: In function `execlp':
execlp.c:(.text+0x71): undefined reference to `__stack_chk_fail_local'
pic-i386/execvp.o: In function `execvp':
execvp.c:(.text+0x1bc): undefined reference to `__stack_chk_fail_local'
pic-i386/ftw64.o:ftw64.c:(.text+0x279): more undefined references to 
`__stack_chk_fail_local' follow
/usr/bin/ld: pic-i386/libc.so: hidden symbol `__stack_chk_fail_local' 
isn't defined
/usr/bin/ld: final link failed: Nonrepresentable section on output
collect2: ld returned 1 exit status
make: *** [pic-i386/libc.so] Error 1

Any pointers for a newbie? I'm on a 32bit Ubuntu 10.04.1 LTS.

-- 
Pelle Hede
Developer

FRISK Software International
Thverholti 18
IS-105 Reykjavik
Iceland