diff -r 778e4bc7bc77 Lib/dis.py
--- a/Lib/dis.py	Fri Sep 30 10:39:35 2016 +0300
+++ b/Lib/dis.py	Fri Sep 30 17:17:44 2016 +0300
@@ -16,6 +16,8 @@ del _opcodes_all
 _have_code = (types.MethodType, types.FunctionType, types.CodeType,
               classmethod, staticmethod, type)
 
+FORMAT_VALUE = opmap['FORMAT_VALUE']
+
 def _try_compile(source, name):
     """Attempts to compile the given source, first as an expression and
        then as a statement if the first approach fails.
@@ -314,6 +316,13 @@ def _get_instructions_bytes(code, varnam
                 argrepr = argval
             elif op in hasfree:
                 argval, argrepr = _get_name_info(arg, cells)
+            elif op == FORMAT_VALUE:
+                argval = ((None, str, repr, ascii)[arg & 0x3], bool(arg & 0x4))
+                argrepr = ('', 'str', 'repr', 'ascii')[arg & 0x3]
+                if argval[1]:
+                    if argrepr:
+                        argrepr += ', '
+                    argrepr += 'with format'
         yield Instruction(opname[op], op,
                           arg, argval, argrepr,
                           offset, starts_line, is_jump_target)
diff -r 778e4bc7bc77 Lib/test/test_dis.py
--- a/Lib/test/test_dis.py	Fri Sep 30 10:39:35 2016 +0300
+++ b/Lib/test/test_dis.py	Fri Sep 30 17:17:44 2016 +0300
@@ -301,6 +301,27 @@ dis_traceback = """\
        TRACEBACK_CODE.co_firstlineno + 4,
        TRACEBACK_CODE.co_firstlineno + 5)
 
+def _fstring(a, b, c, d):
+    return f'{a} {b:4} {c!r} {d!r:4}'
+
+dis_fstring = """\
+%3d           0 LOAD_FAST                0 (a)
+              2 FORMAT_VALUE             0
+              4 LOAD_CONST               1 (' ')
+              6 LOAD_FAST                1 (b)
+              8 LOAD_CONST               2 ('4')
+             10 FORMAT_VALUE             4 (with format)
+             12 LOAD_CONST               1 (' ')
+             14 LOAD_FAST                2 (c)
+             16 FORMAT_VALUE             2 (repr)
+             18 LOAD_CONST               1 (' ')
+             20 LOAD_FAST                3 (d)
+             22 LOAD_CONST               2 ('4')
+             24 FORMAT_VALUE             6 (repr, with format)
+             26 BUILD_STRING             7
+             28 RETURN_VALUE
+""" % (_fstring.__code__.co_firstlineno + 1,)
+
 def _g(x):
     yield x
 
@@ -404,6 +425,9 @@ class DisTests(unittest.TestCase):
         gen_disas = self.get_disassembly(_g(1))  # Disassemble generator itself
         self.assertEqual(gen_disas, gen_func_disas)
 
+    def test_disassemble_fstring(self):
+        self.do_disassembly_test(_fstring, dis_fstring)
+
     def test_dis_none(self):
         try:
             del sys.last_traceback