To make your mini-linux usefull, you will also need coreutils, this package contains a lot of utils that you will need like ls, rm, mkdir, rmdir etc.
The coreutils package can be found At GNU, and is currently at version 5.2.1

Coreutils also comes with a configure script for the building process, which i had to tell to compile for i586-pc-linux-gnu with:
./configure -build=i586-pc-linux-gnu

Comilation was quite quick, and no problems over here.