Question : It can't happen but it did :-)

C:\testing>perlcc -O cod.pl
C:\Perl\bin\perlcc.bat: cod.pl did not compile, which can't happen:
Can't locate object method "fake_ppaddr" via package "B::FAKEOP" at C:/Perl/lib/B/C.pm line 365.
 CHECK failed--call queue aborted.


C:\testing>

What should I do to fix this?

Answer : It can't happen but it did :-)

turn123,
Try like this instead (with lowercase o)
perlcc cod.pl -o cod.exe
Make sure you have run vcvars32.bat if you get any other errors