Index: Misc/python-mode.el
===================================================================
--- Misc/python-mode.el	(revision 71304)
+++ Misc/python-mode.el	(working copy)
@@ -431,7 +431,7 @@
 			  )
 			"\\|"))
 	(kw2 (mapconcat 'identity
-			'("else:" "except:" "finally:" "try:")
+			'("else:" "except:" "finally:" "try:" "lambda:")
 			"\\|"))
 	(kw3 (mapconcat 'identity
 			;; Don't include True, False, None, or
@@ -482,7 +482,7 @@
      (list (concat "\\([^. \t]\\|^\\)[ \t]*\\<\\(" kw3 "\\)\\>[ \n\t(]") 2
 	   'py-builtins-face)
      ;; block introducing keywords with immediately following colons.
-     ;; Yes "except" is in both lists.
+     ;; Yes "except" and "lambda" are in both lists.
      (cons (concat "\\<\\(" kw2 "\\)[ \n\t(]") 1)
      ;; Exceptions
      (list (concat "\\<\\(" kw4 "\\)[ \n\t:,(]") 1 'py-builtins-face)