I think I have it. It's a very stupid typo :(
--- /home/akim/src/am/program.am Thu Mar 8 20:36:38 2001
+++ program.am Tue Mar 27 23:34:03 2001
@@ -1,5 +1,5 @@
## automake - create Makefile.in from Makefile.am
-## Copyright 1994, 1995, 1996, 1997 Free Software Foundation, Inc.
+## Copyright 1994, 1995, 1996, 1997, 2001 Free Software Foundation, Inc.
## This program is free software; you can redistribute it and/or modify
## it under the terms of the GNU General Public License as published by
@@ -15,11 +15,11 @@
## along with this program; if not, write to the Free Software
## Foundation, Inc., 59 Temple Place - Suite 330, Boston, MA
## 02111-1307, USA.
-%PROGRAM%: $(%XPROGRAM%_OBJECTS) $(%XPROGRAM%_DEPENDENCIES)
+%PROGRAM%$(EXEEXT): $(%XPROGRAM%_OBJECTS) $(%XPROGRAM%_DEPENDENCIES)
## Remove program before linking. Otherwise the link will fail if the
## program is running somewhere. FIXME: this could be a loss if
## you're using an incremental linker. Maybe we should think twice?
## Or maybe not... sadly, incremental linkers are rarer than losing
## systems.
- @rm -f %PROGRAM%
+ @rm -f %PROGRAM%$(EXEEXT)
$(%XLINK%) $(%XPROGRAM%_LDFLAGS) $(%XPROGRAM%_OBJECTS) $(%XPROGRAM%_LDADD)
$(LIBS)
