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Debug error: MSP430: GEL: Encountered a problem loading file: [filepath].out Could not open file

I am writing an assembly project for the MSP 430 in CCS and if I uncomment a line of code that has a #VALUE which is defined earlier as VALUE    .equ    BASEVALUE*3 then I get the error in the title.  If I comment that line out the code runs fine.  What's going on?

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