Possible bug in fileutils 4.1 version of dd

[errorlevel]

While experimenting with dd I did the following ($ being the prompt):

$ echo moocow > test.txt
$ dd if=test.txt 2> /dev/null
moocow
$ dd if=test.txt ibs=1c obs=1c count=5 2> /dev/null
(... No output ...)
$ dd if=test.txt ibs=1c obs=1c count=5
mooco5+0 records in
5+0 records out
$ dd if=test.txt ibs=1c obs=1c count=5 1> /dev/null
5+0 records in
5+0 records out
$

The line that I find questionable is the line where I placed "(... No
output ...)".
It should display:
mooco$
(Once again, $ is the prompt.)

I'm using the following on my system:
gcc 2.95.3
glibc 2.2.3
bash 2.05.0

That's all I figured would be relevant.

Regards,
Jared Lash