diff -r c5fbacf79b1e Doc/library/functions.rst
--- a/Doc/library/functions.rst	Sat Jan 30 12:34:12 2016 +0200
+++ b/Doc/library/functions.rst	Sun Feb 21 16:46:51 2016 +0100
@@ -230,7 +230,7 @@
    or ``2`` (docstrings are removed too).
 
    This function raises :exc:`SyntaxError` if the compiled source is invalid,
-   and :exc:`TypeError` if the source contains null bytes.
+   and :exc:`ValueError` if the source contains null bytes.
 
    If you want to parse Python code into its AST representation, see
    :func:`ast.parse`.