diff -r 37c06d20dda5 Python/compile.c
--- a/Python/compile.c	Mon Oct 14 10:44:25 2013 +0300
+++ b/Python/compile.c	Mon Oct 14 15:47:35 2013 +0200
@@ -1906,8 +1906,8 @@
         VISIT(c, expr, s->v.If.test);
         ADDOP_JABS(c, POP_JUMP_IF_FALSE, next);
         VISIT_SEQ(c, stmt, s->v.If.body);
-        ADDOP_JREL(c, JUMP_FORWARD, end);
-        if (s->v.If.orelse) {
+        if (s->v.If.orelse && asdl_seq_LEN(s->v.If.orelse)) {
+            ADDOP_JREL(c, JUMP_FORWARD, end);
             compiler_use_next_block(c, next);
             VISIT_SEQ(c, stmt, s->v.If.orelse);
         }