At 11:30 -0500 on 12/30/2010, Tom Marchant wrote about Re: A bug or a feature?:

Why don't you think that register 15 is a valid base register
for a long-displacement instruction?  When you code
   USING BASE,3
it is equivalent to
   USING (BASE,BASE+4096),3

ONLY for 12-bit B+D instructions. For 20-bit relative offset
instructions, it means BASE+/-512K.

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