Index: ltmain.sh
--- ltmain.sh.orig
+++ ltmain.sh
@@ -8268,7 +8268,7 @@ EOF
 	      *.la)
 		func_basename "$deplib"
 		name="$func_basename_result"
-		libdir=`${SED} -n -e 's/^libdir=\(.*\)$/\1/p' $deplib`
+		eval libdir=`${SED} -n -e 's/^libdir=\(.*\)$/\1/p' $deplib`
 		test -z "$libdir" && \
 		  func_fatal_error "\`$deplib' is not a valid libtool archive"
 		newdependency_libs="$newdependency_libs $libdir/$name"