Index: Python/peephole.c
===================================================================
--- Python/peephole.c	(revision 61058)
+++ Python/peephole.c	(working copy)
@@ -377,6 +377,27 @@
 				codestr[i+3] = NOP;
 				break;
 
+				/* Replace STORE_FAST X/LOAD_FAST X/RETURN_VALUE
+                                   with RETURN_VALUE */
+			case STORE_FAST:
+				j = GETARG(codestr, i);
+				if (codestr[i+3] != LOAD_FAST ||
+				    GETARG(codestr, i+3) != j ||
+				    !ISBASICBLOCK(blocks,i,5))
+					continue;
+				if (codestr[i+6] == RETURN_VALUE &&
+				    ISBASICBLOCK(blocks,i,6)) {
+					memset(codestr+i, NOP, 6);
+				}
+				/* TODO(nnorwitz): if inside a list comp
+					and there are no other references
+					to the var (j), we can do the same.
+				*/
+				/* TODO(nnorwitz): In some cases we can replace
+					the STORE/LOAD with DUP_TOP/STORE.
+				*/
+				break;
+
 				/* Replace LOAD_GLOBAL/LOAD_NAME None
                                    with LOAD_CONST None */
 			case LOAD_NAME: