diff --git a/buildtests/relimp3a/__init__.py b/buildtests/relimp3a/__init__.py
new file mode 100644
index 0000000..8b13789
--- /dev/null
+++ b/buildtests/relimp3a/__init__.py
@@ -0,0 +1 @@
+
diff --git a/buildtests/relimp3a/aa/__init__.py b/buildtests/relimp3a/aa/__init__.py
new file mode 100644
index 0000000..e69de29
diff --git a/buildtests/relimp3a/aa/a1.py b/buildtests/relimp3a/aa/a1.py
new file mode 100644
index 0000000..cac7d99
--- /dev/null
+++ b/buildtests/relimp3a/aa/a1.py
@@ -0,0 +1,6 @@
+from .relimp3b import b1
+from .relimp3c import c1
+
+def getString():
+  return b1.string + c1.string
+
diff --git a/buildtests/relimp3a/aa/relimp3c.py b/buildtests/relimp3a/aa/relimp3c.py
new file mode 100644
index 0000000..710c942
--- /dev/null
+++ b/buildtests/relimp3a/aa/relimp3c.py
@@ -0,0 +1,2 @@
+class c1:
+    string = "... and this"
diff --git a/buildtests/relimp3a/relimp3b.py b/buildtests/relimp3a/relimp3b.py
new file mode 100644
index 0000000..68263d9
--- /dev/null
+++ b/buildtests/relimp3a/relimp3b.py
@@ -0,0 +1 @@
+raise ValueError
diff --git a/buildtests/relimp3a/relimp3c.py b/buildtests/relimp3a/relimp3c.py
new file mode 100644
index 0000000..68263d9
--- /dev/null
+++ b/buildtests/relimp3a/relimp3c.py
@@ -0,0 +1 @@
+raise ValueError
diff --git a/buildtests/relimp3b/__init__.py b/buildtests/relimp3b/__init__.py
new file mode 100644
index 0000000..8b13789
--- /dev/null
+++ b/buildtests/relimp3b/__init__.py
@@ -0,0 +1 @@
+
diff --git a/buildtests/relimp3b/b1.py b/buildtests/relimp3b/b1.py
new file mode 100644
index 0000000..78ff89b
--- /dev/null
+++ b/buildtests/relimp3b/b1.py
@@ -0,0 +1 @@
+string = "I hope you see this!"
diff --git a/buildtests/relimp3c/__init__.py b/buildtests/relimp3c/__init__.py
new file mode 100644
index 0000000..a9615e1
--- /dev/null
+++ b/buildtests/relimp3c/__init__.py
@@ -0,0 +1 @@
+raise RuntimeError
diff --git a/buildtests/test-relative-import3.py b/buildtests/test-relative-import3.py
new file mode 100644
index 0000000..a81039b
--- /dev/null
+++ b/buildtests/test-relative-import3.py
@@ -0,0 +1,4 @@
+from relimp3a.aa import a1
+
+if __name__ == '__main__':
+  print a1.getString()
diff --git a/buildtests/test-relative-import3.spec b/buildtests/test-relative-import3.spec
new file mode 100644
index 0000000..087a268
--- /dev/null
+++ b/buildtests/test-relative-import3.spec
@@ -0,0 +1,17 @@
+# -*- mode: python -*-
+
+__testname__ = 'test-relative-import3'
+
+a = Analysis([os.path.join(HOMEPATH,'support/_mountzlib.py'),
+              __testname__ + '.py'],
+             )
+pyz = PYZ(a.pure)
+exe = EXE(pyz,
+          a.scripts,
+          a.binaries,
+          a.zipfiles,
+          name = os.path.join('dist', __testname__, __testname__ +'.exe'),
+          debug=False,
+          strip=False,
+          upx=False,
+          console=1 )
diff --git a/iu.py b/iu.py
index fa92434..27258f6 100644
--- a/iu.py
+++ b/iu.py
@@ -406,7 +406,7 @@ class ImportManager:
                 if level > 1:
                     importernm = _string_split(importernm, '.')[:-level+1]
                     importernm = _string_join('.', importernm)
-                contexts = []
+                contexts = [None]
             if importernm:
                 if ispkg:
                     # If you use the "from __init__ import" syntax, the package
diff --git a/mf.py b/mf.py
index db16d3f..d7872db 100644
--- a/mf.py
+++ b/mf.py
@@ -494,7 +494,7 @@ class ImportTracker:
                 level -= 1
             if level > 0:
                 importernm = string.join(string.split(importernm, '.')[:-level], ".")
-            contexts = [importernm]
+            contexts = [importernm, None]
             importernm = None
 
         _all = None