diff --git a/binutils/ChangeLog b/binutils/ChangeLog
index 25c514a50c..b645afb12b 100644
--- a/binutils/ChangeLog
+++ b/binutils/ChangeLog
@@ -1,3 +1,8 @@
+Tue Nov 28 17:23:44 1995  Doug Evans  <dje@canuck.cygnus.com>
+
+	* dlltool.c (fill_ordinals): Don't reference d_export_vec if
+	there are no exported functions.
+
 Mon Nov 27 13:05:59 1995  Ian Lance Taylor  <ian@cygnus.com>
 
 	* configure: Regenerate with autoconf 2.7.
diff --git a/binutils/dlltool.c b/binutils/dlltool.c
index 2a5b640c04..156dde9124 100644
--- a/binutils/dlltool.c
+++ b/binutils/dlltool.c
@@ -1765,12 +1765,11 @@ fill_ordinals (d_export_vec)
 
   qsort (d_export_vec, d_nfuncs, sizeof (export_type *), pfunc);
 
-
-  /* Work out the lowest ordinal number */
-  if (d_export_vec[0])
-    d_low_ord = d_export_vec[0]->ordinal;
+  /* Work out the lowest and highest ordinal numbers.  */
   if (d_nfuncs) 
     {
+      if (d_export_vec[0])
+	d_low_ord = d_export_vec[0]->ordinal;
       if (d_export_vec[d_nfuncs-1])
 	d_high_ord = d_export_vec[d_nfuncs-1]->ordinal;
     }