diff --git a/ld/ChangeLog b/ld/ChangeLog
index bf73bb47939..0d1bcc78b39 100644
--- a/ld/ChangeLog
+++ b/ld/ChangeLog
@@ -1,3 +1,9 @@
+2007-07-12  Alan Modra  <amodra@bigpond.net.au>
+
+	PR 4782
+	* ldlang.c (lang_size_sections_1 <output_section_statement>): Only
+	use expld.result when valid.
+
 2007-07-12  Alan Modra  <amodra@bigpond.net.au>
 
 	* emultempl/spuelf.em (embedded_spu_file): Test for NULL path
diff --git a/ld/ldlang.c b/ld/ldlang.c
index e1c02cc441c..56edee80a1d 100644
--- a/ld/ldlang.c
+++ b/ld/ldlang.c
@@ -4242,13 +4242,12 @@ lang_size_sections_1
 		os->processed_vma = FALSE;
 		exp_fold_tree (os->addr_tree, bfd_abs_section_ptr, &dot);
 
-		if (!expld.result.valid_p
-		    && expld.phase != lang_mark_phase_enum)
+		if (expld.result.valid_p)
+		  dot = expld.result.value + expld.result.section->vma;
+		else if (expld.phase != lang_mark_phase_enum)
 		  einfo (_("%F%S: non constant or forward reference"
 			   " address expression for section %s\n"),
 			 os->name);
-
-		dot = expld.result.value + expld.result.section->vma;
 	      }
 
 	    if (os->bfd_section == NULL)