diff --git a/Makefile b/Makefile
index 2963017..705f63e 100644
--- a/Makefile
+++ b/Makefile
@@ -156,8 +156,10 @@ $(MSIBUILD_MODULES) ::
 	$(MAKE) /f "Makefile" /$(MAKEFLAGS) MSIBUILD_HAS_VERSION=1
 	cd "$(MAKEDIR)"
 
+!IFDEF MSIBUILD_MODULES_PRECOMPILED
 $(MSIBUILD_MODULES_PRECOMPILED) ::
 	if exist "$(MSIBUILD_MSM_MS_REPO)\$(@F:"=)" $(MAKE) /f "Makefile" /$(MAKEFLAGS) MSIBUILD_PHASE=90 MSIBUILD_MSM_SRC="$(MSIBUILD_MSM_MS_REPO)\$(@F:"=)" MSIBUILD_MSM_DST=$@ All
+!ENDIF
 
 !ELSEIF $(MSIBUILD_PHASE) == 2