--- bfd/elf.c	2004-09-27 21:46:06.000000000 +0100
+++ bfd/elf.c	2005-05-09 13:48:46.000000000 +0100
@@ -796,7 +796,8 @@
       /* Look through the phdrs to see if we need to adjust the lma.
          If all the p_paddr fields are zero, we ignore them, since
          some ELF linkers produce such output.  */
-      phdr = elf_tdata (abfd)->phdr;
+	  if ((phdr = elf_tdata (abfd)->phdr) == NULL)
+		  return FALSE;
       for (i = 0; i < elf_elfheader (abfd)->e_phnum; i++, phdr++)
 	{
 	  if (phdr->p_paddr != 0)