makefile:71: *** Recursive variable `LIBS' references itself (eventually). Stop

[Dominique DEUFF]

        Hello,

        I have to rebuild a project with the makefile I join at the end.
        I obtain this error :
                makefile:71: *** Recursive variable `LIBS' references itself
(eventually).  Stop

        Does anyone know a solution to this ? 
        Thank you very much,

        Dominique

        
----------------------------------------------------------------------------
----

        ##### Module Macro #####
        NAME    = wintag
        SRCS    = $(NAME).c dib.c file.c paint.c init.c frame.c child.c
clipbrd.c about.c blowup.c addtags.c codeer.c message.c taglist.c focus.c
register.c odc.c mouse.c
        OBJS    =

        ##### C7/Display Compatibility Test #####
        C7      =  1
        DCT     =  0

        ##### Library Macro #####
        !if $(C7) \
        LIBS    = libw mlibcew commdlg oldnames icflib
        !else \
        LIBS    = libw mlibcew commdlg
        !endif \
        MOD     = -AM

        ##### Include Macro #####
        INCLS   = $(NAME).h dib.h file.h paint.h init.h frame.h child.h
clipbrd.h about.h  blowup.h addtags.h codeer.h message.h taglist.h focus.h
register.h odc.h mouse.h

        ##### Resource Macro #####
        RCFILES =  addtags.dlg taglist.dlg bugs.dlg select.cur

        ##### DEBUG Defined #####
        DEBUG   = 0

        ##### Build Option Macros #####
        !if $(DEBUG) \
        DDEF    = -DDEBUG
        CLOPT   = -Zid -Od
        MOPT    = -Zi
        LOPT    = /CO /LI /MAP
        !else \
        DDEF    =
        CLOPT   = -Os
        LOPT    = \
        !endif \

        ##### General Macros #####
        DEF     =

        ##### Tool Macros #####
        ASM     = masm -Mx $(MOPT) $(DDEF) $(DEF)
        CC      = cl -nologo -c $(MOD) -G2sw -Zp -W3 $(CLOPT) $(DDEF) $(DEF)
        LINK    = link /NOD /NOE $(LOPT)
        RC      = rc $(DDEF) $(DEF)
        HC      = hc

        ##### DCT #####
        !if $(DCT) \
        CC      = $(CC) -DDCT
        LIBS    = $(LIBS) hctlib \
        !endif \

        ##### Inference Rules #####
        .c.obj:
                $(CC) -NT _$* $*.c
           

        .asm.obj:
                $(ASM) $*.asm;

        .rc.res:
                $(RC) -r $*.rc

        ##### Main (default) Target #####
        goal: $(NAME).exe

        ##### Dependents For Goal and Command Line #####
        $(NAME).exe: $(SRCS:.c=.obj) $(NAME).def $(NAME).res
                $(LINK) @<<
                $(SRCS:.c=.obj) $(OBJS),
                $(NAME).exe,
                $(NAME).map,
                $(LIBS),
                $(NAME).def
                <<
                $(RC) -T $(NAME).res \
        !if $(DEBUG) \
        !if !$(C7) \
            cvpack -p $(NAME).exe \
        !endif \

                mapsym $(NAME).map \
        !endif \

        ##### Dependents #####
        $(SRCS:.c=.obj): $(INCLS)
        $(NAME).res: $(RCFILES) $(INCLS)

        ##### Clean Directory #####
        clean:
                -del *.obj
                -del *.res
                -del *.exe
                -del *.map
                -del *.sym

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