Jump addresses messed up with GNU as

Hello,

I'm trying to assemble the following program (ARM architecture) :

..text
nop
1:
nop
nop
nop
bal 1b

GNU as produces the following code (read back with objdump -d) :
Disassembly of section .text:

00000000 <.text>:
0: e1a00000 nop (mov r0,r0)
4: e1a00000 nop (mov r0,r0)
8: e1a00000 nop (mov r0,r0)
c: e1a00000 nop (mov r0,r0)
10: eaffffff b 14 <.text+0x14>

As you can see, the address for the jump is outside the program :(
I assemble with the following command :
arm-elf-as -mcpu=arm7tdmi -o myprog.o myprog.s

The problem's exactly the same when not using a local label.
Any ideas ?
Thanks,
Sebastien

.

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