diff --git a/src/Makefile.in b/src/Makefile.in
index 1f1ae40efef..1d23425969c 100644
--- a/src/Makefile.in
+++ b/src/Makefile.in
@@ -442,6 +442,10 @@ otherobj= $(TERMCAP_OBJ) $(PRE_ALLOC_OBJ) $(GMALLOC_OBJ) $(RALLOC_OBJ) \
 FIRSTFILE_OBJ=@FIRSTFILE_OBJ@
 ALLOBJS = $(FIRSTFILE_OBJ) $(VMLIMIT_OBJ) $(obj) $(otherobj)
 
+# Must be first, before dep inclusion!
+all: emacs$(EXEEXT) $(OTHER_FILES)
+.PHONY: all
+
 AUTO_DEPEND = @AUTO_DEPEND@
 DEPDIR = deps
 ifeq ($(AUTO_DEPEND),yes)
@@ -452,9 +456,6 @@ else
   include $(srcdir)/deps.mk
 endif
 
-all: emacs$(EXEEXT) $(OTHER_FILES)
-.PHONY: all
-
 ## This is the list of all Lisp files that might be loaded into the
 ## dumped Emacs.  Some of them are not loaded on all platforms, but
 ## the DOC file on every platform uses them (because the DOC file is