diff --git a/board/cm-bf537u/cm-bf537u.c b/board/cm-bf537u/cm-bf537u.c
index 4b7e864..a62ddd6 100644
--- a/board/cm-bf537u/cm-bf537u.c
+++ b/board/cm-bf537u/cm-bf537u.c
@@ -24,34 +24,37 @@
 	return 0;
 }
 
-#ifdef CONFIG_BFIN_MAC
-static void board_init_enetaddr(uchar *mac_addr)
+static void board_init_enetaddr(char *var)
 {
-	puts("Warning: Generating 'random' MAC address\n");
-	bfin_gen_rand_mac(mac_addr);
-	eth_setenv_enetaddr("ethaddr", mac_addr);
+#ifdef CONFIG_NET_MULTI
+	uchar enetaddr[6];
+
+	if (eth_getenv_enetaddr(var, enetaddr))
+		return;
+
+	printf("Warning: %s: generating 'random' MAC address\n", var);
+	bfin_gen_rand_mac(enetaddr);
+	eth_setenv_enetaddr(var, enetaddr);
+#endif
 }
 
+#ifndef CONFIG_BFIN_MAC
+# define bfin_EMAC_initialize(x) 1
+#endif
+#ifndef CONFIG_SMC911X
+# define smc911x_initialize(n, x) 1
+#endif
 int board_eth_init(bd_t *bis)
 {
-	return bfin_EMAC_initialize(bis);
+	/* return ok if at least 1 eth device works */
+	return bfin_EMAC_initialize(bis) &
+	       smc911x_initialize(0, CONFIG_SMC911X_BASE);
 }
-#endif
-
-#ifdef CONFIG_SMC911X
-int board_eth_init(bd_t *bis)
-{
-	return smc911x_initialize(0, CONFIG_SMC911X_BASE);
-}
-#endif
 
 int misc_init_r(void)
 {
-#ifdef CONFIG_BFIN_MAC
-	uchar enetaddr[6];
-	if (!eth_getenv_enetaddr("ethaddr", enetaddr))
-		board_init_enetaddr(enetaddr);
-#endif
+	board_init_enetaddr("ethaddr");
+	board_init_enetaddr("eth1addr");
 
 	gpio_cfi_flash_init();