Next failure is a series.
Seems to point to following src\ChangeLog
1998-11-30 Martin Buchholz <martin(a)xemacs.org>
XEmacs Build Report as generated
by build-report-version $Revision: 1.53 $ follows:
Contents of c:\export\home\tmp\21.2\xemacs\nt\Installation:
(Output from most recent run of ./configure)