Index: Modules/readline.c
===================================================================
--- Modules/readline.c	(revision 85055)
+++ Modules/readline.c	(working copy)
@@ -886,6 +886,14 @@
         Py_FatalError("not enough memory to save locale");
 #endif
 
+#ifdef __APPLE__
+    /* the libedit readline emulation resets key bindings etc 
+     * when calling rl_initialize.  So call it upfront
+     */
+    if (using_libedit_emulation)
+        rl_initialize();
+#endif /* __APPLE__ */
+
     using_history();
 
     rl_readline_name = "python";
@@ -917,8 +925,13 @@
      * XXX: A bug in the readline-2.2 library causes a memory leak
      * inside this function.  Nothing we can do about it.
      */
-    rl_initialize();
-
+#ifdef __APPLE__
+    if (using_libedit_emulation)
+	rl_read_init_file(NULL);
+    else
+#endif /* __APPLE__ */
+        rl_initialize();
+    
     RESTORE_LOCALE(saved_locale)
 }