Now that the bzImage is done, it's time to compile the modules. Even if you didn't enable any modules when you configured the kernel, don't skip this step -- it's good to get into the habit of compiling modules immediately after a bzImage. And, if you really have no modules enabled for compilation -- this step will go really quickly for you. Type make modules && make modules_install. This will cause the modules to be compiled and then installed into /usr/lib/<kernelversion>.

Congratulations! Your kernel is now fully compiled, and your modules are all compiled and installed. Now it's time to reconfigure LILO so that you can boot the new kernel.