diff --git a/release/Makefile.vm b/release/Makefile.vm
index 9f71a548125d..9ccd0573212d 100644
--- a/release/Makefile.vm
+++ b/release/Makefile.vm
@@ -59,7 +59,7 @@ cw-${_CW:tl}:
 		${.CURDIR}/scripts/mk-vmimage.sh \
 		-C ${.CURDIR}/tools/vmimage.subr -d ${.OBJDIR}/${.TARGET} \
 		-i ${.OBJDIR}/${_CW:tl}.img -s ${VMSIZE} -f ${${_CW:tu}_FORMAT} \
-		-S ${WORLDDIR} -o ${.OBJDIR}/${${_CW:tu}IMAGE} -c ${${_CW}CONF}
+		-S ${WORLDDIR} -o ${.OBJDIR}/${${_CW:tu}IMAGE} -c ${${_CW:tu}CONF}
 	touch ${.TARGET}
 
 cw${_CW:tl}-package: