diff --git a/bfd/ChangeLog b/bfd/ChangeLog
index b0c056886f..40684a1b60 100644
--- a/bfd/ChangeLog
+++ b/bfd/ChangeLog
@@ -1,5 +1,8 @@
 Tue Feb  6 12:12:22 1996  Ian Lance Taylor  <ian@cygnus.com>
 
+	* configure.host: Make SHLIB_CFLAGS include $(PICFLAG) on a
+	*-*-hpux* host.
+
 	* Makefile.in (program_transform_name): New variable.
 	(install): Transform library name before installing it.
 
diff --git a/bfd/configure.host b/bfd/configure.host
index de8d65d998..1657407bbd 100644
--- a/bfd/configure.host
+++ b/bfd/configure.host
@@ -119,6 +119,7 @@ if [ "${shared}" = "true" ]; then
   *-*-hpux*)
     # HP/UX uses .sl for shared libraries.
     SHLINK=`echo ${SHLINK} | sed -e 's/so$/sl/'`
+    SHLIB_CFLAGS='-shared $(PICFLAG)'
     ;;
   *-*-irix5*)
     # -fpic is not needed on Irix 5.