diff -ur busybox.old/networking/httpd.c busybox.dev/networking/httpd.c
--- busybox.old/networking/httpd.c	2007-02-27 23:15:20.611300000 +0100
+++ busybox.dev/networking/httpd.c	2007-02-27 23:18:10.022546112 +0100
@@ -102,6 +102,7 @@
 static const char default_path_httpd_conf[] = "/etc";
 static const char httpd_conf[] = "httpd.conf";
 static const char home[] = "./";
+static const char *home_httpd = home;
 
 #define TIMEOUT 60
 
@@ -1500,6 +1501,8 @@
 #if ENABLE_FEATURE_HTTPD_BASIC_AUTH
 	int credentials = -1;  /* if not required this is Ok */
 #endif
+	
+	xchdir(home_httpd);
 
 	sa.sa_handler = handle_sigalrm;
 	sigemptyset(&sa.sa_mask);
@@ -1931,7 +1934,6 @@
 int httpd_main(int argc, char *argv[])
 {
 	unsigned opt;
-	const char *home_httpd = home;
 	char *url_for_decode;
 	USE_FEATURE_HTTPD_ENCODE_URL_STR(const char *url_for_encode;)
 	const char *s_port;