Index: tc-xtensa.c
===================================================================
RCS file: /cvs/src/src/gas/config/tc-xtensa.c,v
retrieving revision 1.112
diff -u -p -r1.112 tc-xtensa.c
--- tc-xtensa.c	18 Aug 2009 16:42:15 -0000	1.112
+++ tc-xtensa.c	19 Aug 2009 16:00:02 -0000
@@ -7460,6 +7460,7 @@ xtensa_mark_difference_of_two_symbols (v
 	    {
 	      fragS *start;
 	      fragS *end;
+	      fragS *walk;
 
 	      if (symbol_get_frag (left)->fr_address 
 		  <= symbol_get_frag (right)->fr_address)
@@ -7472,12 +7473,19 @@ xtensa_mark_difference_of_two_symbols (v
 		  start = symbol_get_frag (right);
 		  end = symbol_get_frag (left);
 		}
+
+	      if (start->tc_frag_data.no_transform_end != NULL)
+		walk = start->tc_frag_data.no_transform_end;
+	      else
+		walk = start;
 	      do 
 		{
-		  start->tc_frag_data.is_no_transform = 1;
-		  start = start->fr_next;
+		  walk->tc_frag_data.is_no_transform = 1;
+		  walk = walk->fr_next;
 		}
-	      while (start && start->fr_address < end->fr_address);
+	      while (walk && walk->fr_address < end->fr_address);
+
+	      start->tc_frag_data.no_transform_end = walk;
 	    }
 	}
     }
Index: tc-xtensa.h
===================================================================
RCS file: /cvs/src/src/gas/config/tc-xtensa.h,v
retrieving revision 1.32
diff -u -p -r1.32 tc-xtensa.h
--- tc-xtensa.h	4 Nov 2008 23:11:02 -0000	1.32
+++ tc-xtensa.h	19 Aug 2009 16:00:02 -0000
@@ -263,9 +263,10 @@ struct xtensa_frag_type
   symbolS *slot_symbols[MAX_SLOTS];
   offsetT slot_offsets[MAX_SLOTS];
 
-  /* The global aligner needs to walk backward through the list of
-     frags.  This field is only valid after xtensa_end.  */
-  fragS *fr_prev;
+  /* When marking frags after this one in the chain as no transform,
+     cache the last one in the chain, so that we can skip to the
+     end of the chain.  */
+  fragS *no_transform_end;
 };