installworld to DESTDIR: touch: not found

I'm in the throes of updating my diskless boot boxes to 5.2-BETA from my
5.1-CURRENT build box.  I did a buildworld, and am now doing an
installworld to a DESTDIR. 

cboss# make installworld DESTDIR=/cboss/devel/nfsroot/crash2.cboss.tislabs.com/
...
--------------------------------------------------------------
>>> Making hierarchy
--------------------------------------------------------------
cd /usr/src; /usr/obj/usr/src/make.i386/make -f Makefile.inc1 hierarchy
cd /usr/src/etc;                /usr/obj/usr/src/make.i386/make
distrib-dirs
mtree -deU  -f /usr/src/etc/mtree/BSD.root.dist -p
/cboss/devel/nfsroot/crash2.c
boss.tislabs.com//
mtree -deU  -f /usr/src/etc/mtree/BSD.var.dist -p
/cboss/devel/nfsroot/crash2.cb
oss.tislabs.com//var
mtree -deU  -f /usr/src/etc/mtree/BSD.usr.dist -p
/cboss/devel/nfsroot/crash2.cb
oss.tislabs.com//usr
mtree -deU  -f /usr/src/etc/mtree/BSD.include.dist  -p
/cboss/devel/nfsroot/cras
h2.cboss.tislabs.com//usr/include
mtree -deU  -f /usr/src/etc/mtree/BSD.sendmail.dist -p
/cboss/devel/nfsroot/cras
h2.cboss.tislabs.com//
cd /cboss/devel/nfsroot/crash2.cboss.tislabs.com//; rm -f
/cboss/devel/nfsroot/c
rash2.cboss.tislabs.com//sys; ln -s usr/src/sys sys
cd
/cboss/devel/nfsroot/crash2.cboss.tislabs.com//usr/share/man/en.ISO8859-1;
ln
 -sf ../man* .
cd /cboss/devel/nfsroot/crash2.cboss.tislabs.com//usr/share/man;  set -
`grep "^
[a-zA-Z]" /usr/src/etc/man.alias`;  while [ $# -gt 0 ] ;  do  rm -rf "$1";
ln -
s "$2" "$1";  shift; shift;  done
cd /cboss/devel/nfsroot/crash2.cboss.tislabs.com//usr/share/openssl/man;
set - 
`grep "^[a-zA-Z]" /usr/src/etc/man.alias`;  while [ $# -gt 0 ] ;  do  rm
-rf "$1
";  ln -s "$2" "$1";  shift; shift;  done
cd
/cboss/devel/nfsroot/crash2.cboss.tislabs.com//usr/share/openssl/man/en.ISO88
59-1; ln -sf ../man* .
cd /cboss/devel/nfsroot/crash2.cboss.tislabs.com//usr/share/nls;  set -
`grep "^
[a-zA-Z]" /usr/src/etc/nls.alias`;  while [ $# -gt 0 ] ;  do  rm -rf "$1";
ln -s "$2" "$1";  shift; shift;  done

--------------------------------------------------------------
>>> Installing everything..
--------------------------------------------------------------
cd /usr/src; /usr/obj/usr/src/make.i386/make -f Makefile.inc1 install
===> share/info
===> include
creating osreldate.h from newvers.sh
touch: not found
*** Error code 127

Stop in /usr/src/include.
*** Error code 1

Stop in /usr/src.
*** Error code 1

Stop in /usr/src.
*** Error code 1

Stop in /usr/src.
*** Error code 1

Stop in /usr/src.
cboss# more /etc/make.conf 
CFLAGS=-pipe -O
NOPROFILE=      yes
#NO_WERROR=yes
#NO_PERL=yes
# -- use.perl generated deltas -- #
# Created: Thu Apr  3 08:46:17 2003
# Setting to use base perl from ports:
PERL_VER=5.6.1
PERL_VERSION=5.6.1
PERL_ARCH=mach
NOPERL=yo
NO_PERL=yo
NO_PERL_WRAPPER=yo