Building binutils-20030901-1 in Cygwin fails in ylwrap

I am trying to build binutils in Cygwin on my PC. I get the following error when building. Somehow the ylwrap is failing. I am building for the ARM9.

Thanks

gcc -W -Wall -Wstrict-prototypes -Wmissing-prototypes -g -O2 -o objdump.exe objd ump.o budemang.o prdbg.o rddbg.o debug.o stabs.o ieee.o rdcoff.o bucomm.o versio n.o filemode.o ../opcodes/.libs/libopcodes.a /usr/local/binutils/bfd/.libs/libb fd.a ../bfd/.libs/libbfd.a ../libiberty/libiberty.a ./../intl/libintl.a /bin/sh ../../binutils-20030901-1/binutils/../ylwrap "" ../../binutils-20030901-

-d: not found make[3]: *** [arparse.c] Error 1 make[3]: Leaving directory `/usr/local/binutils/binutils' make[2]: *** [all-recursive] Error 1 make[2]: Leaving directory `/usr/local/binutils/binutils' make[1]: *** [all-recursive-am] Error 2 make[1]: Leaving directory `/usr/local/binutils/binutils' make: *** [all-binutils] Error 2