This is what I'm getting, is there a fix?
=========================================
optional package support
----------------------------------------
IBP                            no
X11                            yes
libmpeg2                       yes
libpostproc                    no
freetype2                      yes
avifile                        no
lame                           yes
ogg                            yes
vorbis                         yes
theora                         yes
libdvdread                     yes
pvm3                           no
libdv                          no
libquicktime                   yes
lzo                            no
a52                            yes
libmpeg3                       yes
libxml2                        yes
mjpegtools                     yes
sdl                            yes
libfame                        no
imagemagick                    no
libjpeg                        yes
bsdav                          no
iconv                          yes

ERROR: option '--enable-imagemagick' failed: cannot link against libMagick
libMagick can be found in the following packages:
  Wand  http://www.imagemagick.org/


Please see the INSTALL file in the top directory of the
transcode sources for more information about building
transcode with this configure script.


!!! Please attach the following file when seeking support:
!!! /var/tmp/portage/media-video/transcode-1.0.4-r2/work/transcode-1.0.4/config.log
 * 
 * ERROR: media-video/transcode-1.0.4-r2 failed.
 * Call stack:
 *               ebuild.sh, line   49:  Called src_compile
 *             environment, line 2832:  Called 
econf 'src_compile' 'src_compile' '--with-default-xvid=xvid4' '--enable-a52' '--enable-a52-default-decoder' '--enable-mmx' '--enable-sse' '--disable-sse2' '--disable-3dnow' '--disable-altivec' '--disable-netstream' '--enable-freetype2' '--disable-v4l' '--enable-lame' '--enable-ogg' '--disable-oss' '--enable-vorbis' '--enable-theora' '--enable-libdvdread' '--disable-libdv' '--enable-libquicktime' '--disable-lzo' '--enable-iconv' '--enable-libmpeg3' '--enable-libxml2' '--enable-mjpegtools' '--enable-sdl' '--disable-libfame' '--enable-imagemagick' '--enable-libjpeg' '--with-x' '--with-mod-path=/usr/lib/transcode' '--with-libpostproc-builddir=/usr/lib'
 *               ebuild.sh, line  513:  Called die
 * The specific snippet of code:
 *                      die "econf failed"
 *  The die message:
 *   econf failed
=========================================
-- 
Regards,
Mick