#
#  Minimum test-case for bug.
#

# 1. Defining the variable here works.
TEST_LIST = foo

test: $(TEST_LIST:%=%__FOO__)
	@echo \$$\(TEST_LIST\) is $(TEST_LIST)

%__FOO__:
	@echo Got prerequisite $(@:%__FOO__=%)

# 2. Comment above TEST_LIST defn and uncomment the one below one
# doesn't work. (tested with GNU Make v3.81)

# TEST_LIST = test1


# 3. Uncomment this PHONY defn and neither TEST_LIST defn works.
#.PHONY: test1 test1__FOO__