Hm. Yeah, fixed on July 30 by matt, but never pulled up to the release
branch. oops.

Try applying this patch to src/gnu/dist/bfd/elf.c:

Index: elf.c
===================================================================
RCS file: /cvsroot/gnusrc/gnu/dist/bfd/elf.c,v
retrieving revision 1.1.1.2
retrieving revision 1.3
diff -c -r1.1.1.2 -r1.3
*** elf.c	1999/02/02 19:51:53	1.1.1.2
--- elf.c	1999/07/31 20:56:12	1.3
***************
*** 2611,2617 ****
  		  if ((abfd->flags & D_PAGED) != 0)
  		    adjust = (sec->vma - voff) % bed->maxpagesize;
  		  else
! 		    adjust = (sec->vma - voff) % align;
  		}
  	      else
  		adjust = 0;
--- 2611,2617 ----
  		  if ((abfd->flags & D_PAGED) != 0)
  		    adjust = (sec->vma - voff) % bed->maxpagesize;
  		  else
! 		    adjust = (sec->vma - (p->p_paddr + p->p_memsz)) % align;
  		}
  	      else
  		adjust = 0;

and then rebuild your toolchain.

-- Dan