eval'd macros

[WEEKS%HP-THOR@HPLABS]

The following results occur on my workstation:

(defun fn () (mac))            ;==> FN
(defmacro mac () `'foo)        ;==> MAC
(fn)                           ;==> ***Error***

It seems clear from CLtL, pg.143, second paragraph that (fn) should have
evaluated to FOO.  [The reference to "local definitions" indicates that
the reference to "eval" really refers to evaluation in general.]  Is the
above ***Error*** indeed wrong?
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