The following testcase produces an "end of record" error at runtime.
It is extracted from a long program which was used with the Digital compiler 
under Tru64 Unix without any problems. For the test below gfortran version
4.0.2-8 was used.

---

$ cat ugm.f
      INTEGER IDUMMY
      CHARACTER*20 ANSWER
      CHARACTER*80 TITLE
      REAL         PPRJ

      ANSWER='mc run      1'

      READ(ANSWER(11:20),*) IDUMMY

      PPRJ=3.1

      WRITE(TITLE,*) PPRJ

      END
$ gfortran ugm.f -o ugm
$ ./ugm
At line 12 of file ugm.f
Fortran runtime error: End of record

---

As workaround it is possible to insert the following line at line 11:
      WRITE(TITLE,*) ''