Index: /trunk/source/lisp-kernel/win32/Makefile
===================================================================
--- /trunk/source/lisp-kernel/win32/Makefile	(revision 14930)
+++ /trunk/source/lisp-kernel/win32/Makefile	(revision 14931)
@@ -96,8 +96,7 @@
 OSLIBS = -lpsapi -lws2_32
 
-IMAGE_BASE =--image-base=0x10000
-
 ../../wx86cl.exe: $(KSPOBJ) $(KERNELOBJ) $(DEBUGOBJ) Makefile
-	$(CC) -m32 -o ../../wx86cl.exe  $(IMAGE_BASE) --enable-auto-import \
+	$(CC) -m32 -o ../../wx86cl.exe  -Wl,--image-base=0x10000 \
+	-Wl,--enable-auto-import \
 	$(KSPOBJ) $(KERNELOBJ) $(DEBUGOBJ) $(OSLIBS)