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g77 doesn't accept `PARAMETER I=1'.
Supporting this obsolete form of
the PARAMETER statement would not be particularly hard, as most of the
parsing code is already in place and working.
Until time/money is
spent implementing it, you might as well fix your code to use the
standard form, `PARAMETER (I=1)' (possibly needing
`INTEGER I' preceding the PARAMETER statement as well,
otherwise, in the obsolete form of PARAMETER, the
type of the variable is set from the type of the constant being
assigned to it).