diff --git a/arch/m68k/lib/board.c b/arch/m68k/lib/board.c
index b2e306836412665a9185ebd03e0b6abd10f81701..efc9fccc1bc9f66619ec6d101e878269d24897b8 100644
--- a/arch/m68k/lib/board.c
+++ b/arch/m68k/lib/board.c
@@ -403,14 +403,14 @@ void board_init_r (gd_t *id, ulong dest_addr)
 
 	gd->flags |= GD_FLG_RELOC;	/* tell others: relocation done */
 
-	debug ("Now running in RAM - U-Boot at: %08lx\n", dest_addr);
-
 	WATCHDOG_RESET ();
 
 	gd->reloc_off =  dest_addr - CONFIG_SYS_MONITOR_BASE;
 
 	serial_initialize();
 
+	debug("Now running in RAM - U-Boot at: %08lx\n", dest_addr);
+
 	monitor_flash_len = (ulong)&__init_end - dest_addr;
 
 #if defined(CONFIG_NEEDS_MANUAL_RELOC)