I had the same problem, with the same kernel, switch to a different
kernel and it worked.

Venkat Venkataraju wrote:
> Hi genkernel fails on make modules. i deleted the entire source
> directory and emergerd it again, but it still fails.
>
> GenKernel v3.0.1_beta4-3
> * ARCH: x86
> * KERNEL VER: 2.4.22-gentoo-r5
> * kernel: configuring source
> * kernel: running mrproper
> * kernel: using config from /usr/share/genkernel/x86/kernel-config-2.4
> * kernel: running oldconfig
> * kernel: running clean
> * kernel: Making dependencies for linux 2.4.22-gentoo-r5
> * kernel: Starting compile of linux 2.4.22-gentoo-r5 bzImage
> * kernel: Starting compile of linux 2.4.22-gentoo-r5 modules
> * gen_die(): compile of modules failed
>
> Any help appriciated
>
> -V-
>