Here it is:
Building XEmacs using "NMAKE".
Building XEmacs using make flags " ".
Building XEmacs in source tree "C:\\cygwin\\home\\rpluim\\xemacs-21.5".
For src, using compiler "cl -nologo -W3 -DSTRICT -Zi -Od -MDd -c -TP -IC:\cygwin\home\rpluim\xemacs-21.5\nt\inc -IC:\cygwin\home\rpluim\xemacs-
21.5\src -I"c:\cygwin\home\rpluim\xemacs-libs\xpm-3.4k" -I"c:\cygwin\home\rpluim\xemacs-libs\xpm-3.4k\lib" -I"c:\cygwin\home\rpluim\xemacs-libs\compface-1.5.1" -DHAVE_MS_WINDOWS -DHAVE_MENUBARS -DHAVE_SCROLLBARS -DHAVE_TOOLBARS -DHAVE_WIDGETS -DHAVE_DIALOGS -DHAVE_XPM -DFOR_MSW -DHAVE_GIF -DHAVE_XFACE -DHAVE_NATIVE_SOUND -DERROR_CHECK_ALL -DPDUMP -DUSE_KKCC -DSYSTEM_MALLOC -DDEBUG_XEMACS -D_DEBUG -DWIN32_LEAN_AND_MEAN -DWIN32_NATIVE -Demacs -DHAVE_CONFIG_H -DPATH_VERSION=\"
21.5-b25\" -DPATH_PROGNAME=\"xemacs\" -DEMACS_VERSION=\"21.5-b25\" -DEMACS_PROGNAME=\"xemacs\" -DSTACK_TRACE_EYE_CATCHER=xemacs_21_5_b25_i586_pc_win32 -DPATH_PREFIX=\"..\" -DEMACS_MAJOR_VERSION=21 -DEMACS_MINOR_VERSION=5 -DEMACS_BETA_VERSION=25 -DXEMACS_CODENAME=\""eggplant"\" -DXEMACS_EXTRA_NAME=\"(+CVS-20060305)\" -DPATH_PACKAGEPATH=\""~\\.xemacs;;c:\\Program Files\\XEmacs\\site-packages;c:\\Program Files\\XEmacs\\xemacs-packages"\" -DEMACS_CONFIGURATION=\"i586-pc-win32\"".
For lib-src, using compiler "cl -nologo -W3 -DSTRICT -Zi -Od -MDd -IC:\cygwin\home\rpluim\xemacs-21.5\lib-src -IC:\cygwin\home\rpluim\xemacs-21.5\src -DHAVE_CONFIG_H -DWIN32_NATIVE".
Compiling as C++.
Installing XEmacs in "c:\\Program Files\\XEmacs\\XEmacs-21.5-b25".
Package path is "~\\.xemacs;;c:\\Program Files\\XEmacs\\site-packages;c:\\Program Files\\XEmacs\\xemacs-packages".
Compiling in support for Microsoft Windows native GUI.
Compiling in support for XPM images.
Compiling in support for GIF images.
--------------------------------------------------------------------
NOTE: Compiling without PNG image support.
NOTE: You should strongly consider installing the PNG libraries.
NOTE: Otherwise certain images and glyphs may not display.
NOTE: (a copy may be found in
ftp://ftp.xemacs.org/pub/xemacs/aux --------------------------------------------------------------------
Compiling in support for X-Face message headers.
Compiling in support for toolbars.
Compiling in support for dialogs.
Compiling in support for widgets.
Compiling in support for native sounds.
Using portable dumper.
Using system malloc.
Using DLL version of C runtime library.
Compiling in extra internal error-checking.
NOTE: ---------------------------------------------------------
NOTE: Compiling in support for runtime error-checking.
NOTE: XEmacs will run noticeably more slowly as a result.
NOTE: Error-checking is on by default for XEmacs beta releases.
NOTE: ---------------------------------------------------------
Compiling in debugging support (no slowdown).
Using new experimental GC mark algorithms.