read-key-sequence displays umlauts incorrectly

[Ulrich Neumerkel]

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In GNU Emacs 20.7.1 (i586-pc-linux-gnu, X toolkit)
 of Tue Dec 12 2000 on p0.complang.tuwien.ac.at
configured using `configure  -prefix /usr'

Please describe exactly what actions triggered the bug
and the precise symptoms of the bug:

The following commands should behave identically, but the second does
not seem to handle multibytes correctly.  In place of "rôle" one sees
"r\201ôle" instead. This happens only if you byte-compile (with no
matter what options) and load f2.  Be it interactively via the menu or
in batch mode.  If you just C-x C-e the defun or do compile-defun
(which is defined in bytecomp) the text is correctly rendered by f2...

(defun f1 ()
  (interactive)
  (message "%s" "f1: The rôle of accents")
  (read-key-sequence nil))

(defun f2 ()
  (interactive)
  (read-key-sequence "f2: The rôle of accents"))