Did you follow the installation instructions? Specifically, 
  1. Ensure that you are using GNU Make
  -------------------------------------

    The FreeType build system  _exclusively_ works with GNU Make.  You
    will  not be  able to  compile the  library with  the instructions
    below using any other alternative (including BSD Make).

    Check that you have GNU make by running the command:

       make -v

    This should dump some text that begins with:

       GNU Make  <version number>
       Copyright (C) <year> Free Software Foundation Inc.

    Note that version  3.80 or higher is *required* or the  build will
    fail.

    It is also fine to have GNU Make under another name (e.g. 'gmake')
    if you use the GNUMAKE variable as described below.

    As  a  special exception,  'makepp'  can  also  be used  to  build
    FreeType 2.  See the file docs/MAKEPP for details.

[download]

Seeing as MacOS is derived from some BSD (right?), maybe you're using the BSD make you're warned against using.

In reply to Re: installing GD::Graph on mac osx 10.4.11 by ikegami
in thread installing GD::Graph on mac osx 10.4.11 by 7stud

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