Mine

bash-3.1# make menuconfig
  HOSTCC  scripts/basic/fixdep
gcc: installation problem, cannot exec `as': No such file or directory
make[1]: *** [scripts/basic/fixdep] Error 1
make: *** [scripts_basic] Error 2
bash-3.1# gcc -v
Reading specs from /usr/lib/gcc-lib/i486-slackware-linux/3.3.4/specs
Configured with: ../gcc-3.3.4/configure --prefix=/usr --enable-shared --enable-threads=posix --enable-__cxa_atexit --disable-checking --with-gnu-ld --verbose --target=i486-slackware-linux --host=i486-slackware-linux
Thread model: posix
gcc version 3.3.4