diff --git a/src/ChangeLog b/src/ChangeLog
index fc900a8c..c077ac4e 100644
--- a/src/ChangeLog
+++ b/src/ChangeLog
@@ -1,3 +1,9 @@
+2007-10-13  Micah Cowan  <micah@cowan.name>
+
+	* Makefile.am: Make version.c depend on Wget dependencies (source
+	files, plus such things as LIBOBJS so we get things like
+	http-ntlm.c or gen-md5.c).
+
 2007-10-10  Micah Cowan  <micah@cowan.name>
 
 	* http-ntlm.c: Include openssl/opensslv.h explicitly, instead of
diff --git a/src/Makefile.am b/src/Makefile.am
index dcc19c81..e508ceeb 100644
--- a/src/Makefile.am
+++ b/src/Makefile.am
@@ -47,15 +47,13 @@ wget_SOURCES = cmpt.c connect.c convert.c cookies.c ftp.c ftp-basic.c	\
 EXTRA_wget_SOURCES = mswindows.c
 LDADD = $(ALLOCA) $(LIBOBJS)
 
-# version.c's not really _phony_, but it does need to be generated each run.
-.PHONY: version.c
 version.c: hg-id
 	printf '%s' 'const char *version_string = "@VERSION@' > $@
 	-HG_ID=$$(cat hg-id); [ "$$HG_ID" ] && printf '%s' " ($${HG_ID})" >> $@
 	printf '%s\n' '";' >> $@
 
 .INTERMEDIATE: hg-id
-hg-id:
+hg-id: $(wget_SOURCES) $(LDADD)
 	-( hg id | cut -f 1 -d ' ' ) 2>/dev/null > $@
 
 check_LIBRARIES = libunittest.a