diff --git a/Makefile.vc b/Makefile.vc
index 9e820c43..a0a495c4 100644
--- a/Makefile.vc
+++ b/Makefile.vc
@@ -224,7 +224,7 @@ $(LIBWEBPMUX): $(LIBWEBPMUX_OBJS)
 $(LIBWEBP_OBJS) $(LIBWEBPMUX_OBJS): $(OUTPUT_DIRS)
 
 !IF "$(DLLBUILD)" == "TRUE"
-$(LIBWEBP_OBJS): $(DIROBJ)\$(DLLINC) $(DIROBJ)\$(DLLC)
+$(LIBWEBP_OBJS) $(LIBWEBPMUX_OBJS): $(DIROBJ)\$(DLLINC) $(DIROBJ)\$(DLLC)
 
 {$(DIROBJ)}.c{$(DIROBJ)}.obj:
 	$(CC) $(CFLAGS) /Fd$(LIBWEBP_PDBNAME) /Fo$@  $<