ACLOCAL parse error in Configure

[Dave Fristoe <aixtech@wslife.com>]

I am trying to run configure with OpenLDAP 1.2.10 on an AIX 
system (4.1.5) and am getting an ACLOCAL cannot be parsed
error during the config.status phase of Configure.

I am running configure as follows:

env CC=cc  \
CPPFLAGS="-I/usr/local/BerkeleyDB/include -I/usr/local/include" \
LDFLAGS="-L/usr/local/BerkeleyDB/lib -L/usr/local/lib" \
./configure  --without-threads --enable-ldbm --with-ldbm-api=db2


and receiving the errors during config.status phase of configure:

...
creating ./config.status
creating Makefile
sed: Function s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build cannot be
parsed.
creating doc/Makefile
sed: Function s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build cannot be
parsed.
creating doc/man/Makefile
sed: Function s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build cannot be
parsed.
creating doc/man/man1/Makefile
sed: Function s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build cannot be
parsed.
creating doc/man/man3/Makefile
sed: Function s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build cannot be
parsed.
... and so on ...


or if I use gnu sed:

...
creating ./config.status
creating Makefile
sed: file conftest.s1 line 31: Unterminated `s' command
creating doc/Makefile
sed: file conftest.s1 line 31: Unterminated `s' command
creating doc/man/Makefile
sed: file conftest.s1 line 31: Unterminated `s' command
creating doc/man/man1/Makefile
sed: file conftest.s1 line 31: Unterminated `s' command
creating doc/man/man3/Makefile
sed: file conftest.s1 line 31: Unterminated `s' command
... and so on ...


The following lines in the conftest.s1 file created by the
config.status script seem to be the lines that the
sed statement does not like:

...
s%@ACLOCAL@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/missing aclocal%g
s%@AUTOCONF@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/missing autoconf%g
s%@AUTOMAKE@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/missing automake%g
s%@AUTOHEADER@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/missing autoheader%g
s%@MAKEINFO@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/missing makeinfo%g
s%@install_sh@%/var/df/ldap/openldap-1.2.10/build
/var/df/ldap/openldap-1.2.10/build/install.sh%g
...

How should the lines in the conftest.s1 look like, and what
might be causing this? Am I looking in the right location?
I tried running configure in version 1.2.9 with the same 
error results.

Thanks,

Dave