diff --git a/ChangeLog b/ChangeLog
index f1bf36d231..c0ca132e0d 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+Tue Dec 18 14:05:23 2007  Nobuyoshi Nakada  <nobu@ruby-lang.org>
+
+	* enc/depend: get rid of target expanded as empty for nmake.
+
 Tue Dec 18 07:56:57 2007  Yukihiro Matsumoto  <matz@ruby-lang.org>
 
 	* proc.c (rb_obj_public_method): Object#public_method to retrieve
diff --git a/enc/depend b/enc/depend
index b115a8a426..de0e092a00 100644
--- a/enc/depend
+++ b/enc/depend
@@ -2,23 +2,23 @@
 
 VPATH = <% %w[$(arch_hdrdir)/ruby $(hdrdir)/ruby $(top_srcdir) $(srcdir)].join(CONFIG["PATH_SEPARATOR"]) %>
 
-ENCOBJS = <%encs.map {|e|"#{e}.$(OBJEXT)"}.join(" \\\n\t  ")+"\n"%>
-
-ENCSOS = <%encs.map {|e|"$(ENCSODIR)/#{e}.$(DLEXT)"}.join(" \\\n\t ")+"\n"%>
+ENCOBJS = <%encs.map {|e|"#{e}.$(OBJEXT)"}.join(" \\\n\t  ")%><%"\n" if encs.size>1%>
+ENCSOS = <%encs.map {|e|"$(ENCSODIR)/#{e}.$(DLEXT)"}.join(" \\\n\t ")%>
 
 all: $(ENCSOS)
 
 .c.$(OBJEXT):
 	<%COMPILE_C%>
+! unless encs.empty?
 
 $(ENCOBJS): regenc.h oniguruma.h config.h defines.h
 
+! end
 ! encs.each do |e|
-
 $(ENCSODIR)/<%e%>.$(DLEXT): <%e%>.$(OBJEXT)
 	<%LINK_SO.gsub(/\n/, "\n\t")%>
-! end
 
+! end
 ! encs.each do |e|
 <%e%>.$(OBJEXT): <%e%>.c
 ! end