Could you write, what you did (step by step)?
Another possibility is, to edit the Makefile.. And to be sure, the binary is available, do the following:
Open the makefile in an editor.
Search for LD=
if the LD variable isn't set, add the following line:
LD=/opt/arm/3.3.2/armv5tel-cacko-linux/bin/gcc
then start compiling again, by doing "make"
If that doesn't work, please show me, what you've done excactly
grusz, jabbath