diff --git a/ChangeLog b/ChangeLog
index be693edb..c3f1a9c7 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,9 @@
+2004-04-14  Gary V. Vaughan  <gary@gnu.org>
+
+	* libtoolize.in (configure_ac): Don't complain about the lack of
+	aclocal.m4.
+	Reported by Alexandre Duret-Lutz <adl@src.lip6.fr>
+
 2004-04-13  Gary V. Vaughan  <gary@gnu.org>
 
 	* m4/ltdl.m4 (AC_LIB_LTDL): Remove AC_REPLACE_FUNCS for memmove
diff --git a/libtoolize.in b/libtoolize.in
index bf1ddc09..f209db1e 100644
--- a/libtoolize.in
+++ b/libtoolize.in
@@ -361,7 +361,7 @@ func_scan_files ()
 	/LT_INIT/	     { s,^.*$,seen_libtool=:,; p; };
 	/AC_LIB_LTDL/        { s,^.*$,seen_ltdl=:,; p; };
 	d;'
-    eval `cat aclocal.m4 "$configure_ac" | $SED "$my_sed_traces" 2>/dev/null`
+    eval `cat aclocal.m4 "$configure_ac" 2>/dev/null | $SED "$my_sed_traces"`
 
 
     # ---------------- #