MSVC++ 6.0: msvcrt vs libc

[sessile@...]

I have been attempting to build Lua-4.0 on Win98
without any dependency on libc (Link input "Ignore
Libraries").  The best result I have been able to
manage is an apparently error free build that
results in a crashing 'Lua.exe':

  LUA caused an invalid page fault in
  module KERNEL32.DLL at 015f:bff7b997.

'LuaC.exe' dies with a similar 'Illegal operation'.

Am I being naive, or should it be possible to make
this work?  Ultimately, I have an external library
built against msvcrt that I would like to wrap in
Lua.

Thanks for any insight.