install on MacOS X 10.1?

[xxxx]

I down-laoded 2.1.1

In the Makefile I found this suggested sequence
#       ./configure
#       make
#       make test
#       make install

In the README it says
Mac OS X 10.0: Run configure with "OPT='-no-cpp-precomp' ./configure
        --with-suffix=.exe --with-dyld".  This generates executable
        file: 'python.exe' (it cannot be named 'python' on an HFS or
        HFS+ disk as the file name clashes with directory 'Python').
        The '-no-cpp-precomp' option prevents a large number of
        compilation warnings.  One of the regular expression tests
        fails with a SEGV due to the small stack size used by default
        (how to change this?), and the test_largefile test is only
        expected to work on a Unix UFS filesystem (how to check for
        this on Mac OS X?).

but taking that literally doesn't work at all, generating error messages
about the OPT.
OPT=-no-cpp-precomp: Command not found.

So, I tried swapping it 'round
./configure OPT='-no-cpp-precomp' --with-suffix=.exe --with-dyld
and got
configure: warning: OPT=-no-cpp-precomp: invalid host type

Is OPT an environment variable?  Is it a parameter/argument to
configure?
Is it a directive to configure?