configure --with-gcc --no-debug
--cflags -Ic:/EmacsLibs/zlib-dev_1.2.5-2_win32/include
--cflags -Ic:/EmacsLibs/libXpm-3.5.8/include
--cflags -Ic:/EmacsLibs/libXpm-3.5.8/src
--cflags -Ic:/EmacsLibs/libpng-dev_1.4.3-1_win32/include
--cflags -Ic:/EmacsLibs/giflib-4.1.4-1-lib/include
--cflags -Ic:/EmacsLibs/jpeg-6b-4-lib/include
--cflags -Ic:/EmacsLibs/tiff-3.8.2-1-lib/include
--cflags -Ic:/EmacsLibs/libxml2-2.7.8-w32-bin/include/libxml2
--cflags -Ic:/EmacsLibs/gnutls-3.0.9-w32/include
--distfiles c:/EmacsLibs/libXpm-3.5.8/src/libXpm.dll
Thanks Eli for clarifying the details ( http://lists.gnu.org/archive/html/emacs-devel/2013-03/msg00434.html )
Thanks again the GNU and Emacs communities, and Dani Moncayo.
If emacs.exe is preferred with debug info, do not hesitate to ask for it. I have followed the pattern of releases 24.1 and 24.2.
HTH