diff --git a/bfd/ChangeLog b/bfd/ChangeLog
index 14db95fe39..6f7fdac945 100644
--- a/bfd/ChangeLog
+++ b/bfd/ChangeLog
@@ -1,3 +1,8 @@
+2011-11-08  Nick Clifton  <nickc@redhat.com>
+
+	* elf-m10300.c (mn10300_elf_relax_section): Fix check for an
+	immediate move into an address register.
+
 2011-11-09  Alan Modra  <amodra@gmail.com>
 
 	* elflink.c (bfd_elf_gc_mark_dynamic_ref_symbol): Mark syms in
diff --git a/bfd/elf-m10300.c b/bfd/elf-m10300.c
index c2dc5835ea..fa33b4a2fb 100644
--- a/bfd/elf-m10300.c
+++ b/bfd/elf-m10300.c
@@ -3604,8 +3604,8 @@ mn10300_elf_relax_section (bfd *abfd,
 			&& (value & 0x8000))
 		      continue;
 
-		    /* mov imm16, an zero-extends the immediate.  */
-		    if (code == 0xdc
+		    /* "mov imm16, an" zero-extends the immediate.  */
+		    if ((code & 0xfc) == 0xdc
 			&& (long) value < 0)
 		      continue;