I am trying to build the current Boost library version 1_32_0.

I am getting the error:
Fatal error: unable to open input file 'utility'
On virtually every file.

I have obviously missed a build step, can someone tell me what it is please?

I am building on Windows XP, using DMC 8.41 with:
bjam "-sDMC_ROOT=C:\DM" "-sTOOLS=dmc"
from the root of the directory:
C:\Boost_1_32_0


..found 11715 targets...
..updating 1228 targets...
dmc-C++-action
bin\boost\libs\date_time\build\boost_date_time.dll\dmc\debug\greg_month.obj

--- errorlevel 1

"C:\DM\bin\dmc"  -cpp -c -DBOOST_ALL_DYN_LINK=1  -g -S -o+none -Ae -Ar -ND -I"bin\boost\libs\date_time\build"  -I"C:\DM\include"  -I"C:\Boost_1_32_0" -o"bin\boost\libs\date_time\build\boost_date_time.dll\dmc\debug\greg_month.obj" "C:\Boost_1_32_0\libs\date_time\build\../src/gregorian/greg_month.cpp"

..failed dmc-C++-action bin\boost\libs\date_time\build\boost_date_time.dll\dmc\debug\greg_month.obj... dmc-C++-action bin\boost\libs\date_time\build\boost_date_time.dll\dmc\debug\greg_weekday.obj Fatal error: unable to open input file 'utility'
--- errorlevel 1