Master-Master replication setup, mysql-5.0.22 (CentOS 5.1 revision number 5.0.22-2.1.0.1)

Does anybody see anything in the following description that is:
a) improper mysqldump commandline
b) known problem with 5.0.22
c) known problem with replication
d) known problem with replication of triggers
e) known problem with mysqldump
f) other?

Problem: Replication breaks when replicating triggers.  Commands are generated by a mysqldump of a standalone machine running mysql-5.0.22, attempting to import them into a master-master (5.0.22 to 5.0.22) replicated system.  (It almost seems like the replication is not parsing the /* */ lines correctly.  I have not tried a newer version of mysql yet, because we were hoping to use the vendor provided version and avoid having to use a custom version.)  The problem is reproducible.

Problem exhibition:

On one of the masters:
mysql> CREATE TABLE `country` (
    ->   `id` tinyint(3) unsigned NOT NULL auto_increment,
    ->   `name` varchar(255) NOT NULL,
    ->   `abbr` varchar(20) NOT NULL,
    ->   `phone_code` smallint(5) unsigned NOT NULL,
    ->   `created_at` datetime NOT NULL default '0000-00-00 00:00:00',
    ->   `updated_at` datetime NOT NULL default '0000-00-00 00:00:00',
    ->   PRIMARY KEY  (`id`),
    ->   UNIQUE KEY `abbr` (`abbr`),
    ->   KEY `name_idx` (`name`),
    ->   KEY `phone_code_idx` (`phone_code`)
    -> ) ENGINE=InnoDB DEFAULT CHARSET=utf8;
Query OK, 0 rows affected (0.12 sec)

mysql> DELIMITER ;;
mysql> /*!50003 SET SESSION SQL_MODE="" */;;
Query OK, 0 rows affected (0.00 sec)

mysql> /*!50003 CREATE */ /*!50017 DEFINER=`root`@`localhost` */ /*!50003 TRIGGER `country_insert_before` BEFORE INSERT ON `country` FOR EACH ROW SET NEW.created_at = NOW(), NEW.updated_at = '0000-00-00 00:00:00' */;;
Query OK, 0 rows affected (0.00 sec)


On the slave, replication was good until the last statement.  The last statement caused a failure as shown by show slave status:
mysql> show slave status \G
*************************** 1. row ***************************
             Slave_IO_State: Waiting for master to send event
                Master_Host: db01
                Master_User: replication
                Master_Port: 3206
              Connect_Retry: 30
            Master_Log_File: db01-bin.000001
        Read_Master_Log_Pos: 5287465
             Relay_Log_File: db02-relay-bin.000003
              Relay_Log_Pos: 5287354
      Relay_Master_Log_File: db01-bin.000001
           Slave_IO_Running: Yes
          Slave_SQL_Running: No
            Replicate_Do_DB: 
        Replicate_Ignore_DB: 
         Replicate_Do_Table: 
     Replicate_Ignore_Table: 
    Replicate_Wild_Do_Table: 
Replicate_Wild_Ignore_Table: 
                 Last_Errno: 1064
                 Last_Error: Error 'You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near '/' at line 1' on query. Default database: 'old_ivenue'. Query: 'CREATE DEFINER=`root`@`localhost` TRIGGER `country_insert_before` BEFORE INSERT ON `country` FOR EACH ROW SET NEW.created_at = NOW(), NEW.updated_at = '0000-00-00 00:00:00' */'
               Skip_Counter: 0
        Exec_Master_Log_Pos: 5287216
            Relay_Log_Space: 5287603
            Until_Condition: None
             Until_Log_File: 
              Until_Log_Pos: 0
         Master_SSL_Allowed: No
         Master_SSL_CA_File: 
         Master_SSL_CA_Path: 
            Master_SSL_Cert: 
          Master_SSL_Cipher: 
             Master_SSL_Key: 
      Seconds_Behind_Master: NULL
1 row in set (0.00 sec)


All comments and suggestions welcome.