Index: /trunk/src/VBox/VMM/Makefile.kmk
===================================================================
--- /trunk/src/VBox/VMM/Makefile.kmk	(revision 46813)
+++ /trunk/src/VBox/VMM/Makefile.kmk	(revision 46814)
@@ -374,5 +374,5 @@
  VMMR3LazyImp_SOURCES  = $(VMMR3LazyImp_0_OUTDIR)/VMMR3LazyLoad.asm
  VMMR3LazyImp_CLEAN    = $(VMMR3LazyImp_0_OUTDIR)/VMMR3LazyLoad.asm
- $$(VMMR3LazyImp_0_OUTDIR)/VMMR3LazyLoad.asm: $(PATH_SUB_CURRENT)/VMMR3/VMMR3.def $(VBOX_DEF_2_LAZY_LOAD)
+ $$(VMMR3LazyImp_0_OUTDIR)/VMMR3LazyLoad.asm: $(PATH_SUB_CURRENT)/VMMR3/VMMR3.def $(VBOX_DEF_2_LAZY_LOAD) | $$(dir $$@)
 	$(VBOX_DEF_2_LAZY_LOAD) --output $@ --library VBoxVMM $<
 endif