diff --git a/python/src/com/jetbrains/python/console/PyConsoleOptions.java b/python/src/com/jetbrains/python/console/PyConsoleOptions.java
index 8dd494c9c99a..c43988fde2a9 100644
--- a/python/src/com/jetbrains/python/console/PyConsoleOptions.java
+++ b/python/src/com/jetbrains/python/console/PyConsoleOptions.java
@@ -55,6 +55,14 @@ public class PyConsoleOptions implements PersistentStateComponent<PyConsoleOptio
     myState.myShowDebugConsoleByDefault = showDebugConsoleByDefault;
   }
 
+  public boolean isShowVariableByDefault() {
+    return myState.myShowVariablesByDefault;
+  }
+
+  public void setShowVariablesByDefault(boolean showVariableByDefault) {
+    myState.myShowVariablesByDefault = showVariableByDefault;
+  }
+
   public boolean isIpythonEnabled(){
     return myState.myIpythonEnabled;
   }
@@ -75,6 +83,7 @@ public class PyConsoleOptions implements PersistentStateComponent<PyConsoleOptio
   @Override
   public void loadState(State state) {
     myState.myShowDebugConsoleByDefault = state.myShowDebugConsoleByDefault;
+    myState.myShowVariablesByDefault = state.myShowVariablesByDefault;
     myState.myPythonConsoleState = state.myPythonConsoleState;
     myState.myIpythonEnabled = state.myIpythonEnabled;
   }
@@ -83,6 +92,7 @@ public class PyConsoleOptions implements PersistentStateComponent<PyConsoleOptio
     public PyConsoleSettings myPythonConsoleState = new PyConsoleSettings();
 
     public boolean myShowDebugConsoleByDefault = false;
+    public boolean myShowVariablesByDefault = true;
     public boolean myIpythonEnabled = true;
   }
 
diff --git a/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.form b/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.form
index 19590cd702b5..49e1dd6df061 100644
--- a/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.form
+++ b/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.form
@@ -13,7 +13,7 @@
           <grid row="1" column="0" row-span="1" col-span="1" vsize-policy="6" hsize-policy="1" anchor="0" fill="2" indent="0" use-parent-layout="false"/>
         </constraints>
       </vspacer>
-      <grid id="b4377" layout-manager="GridLayoutManager" row-count="3" column-count="2" same-size-horizontally="false" same-size-vertically="false" hgap="-1" vgap="-1">
+      <grid id="b4377" layout-manager="GridLayoutManager" row-count="4" column-count="2" same-size-horizontally="false" same-size-vertically="false" hgap="-1" vgap="-1">
         <margin top="0" left="0" bottom="0" right="0"/>
         <constraints>
           <grid row="0" column="0" row-span="1" col-span="1" vsize-policy="3" hsize-policy="3" anchor="0" fill="3" indent="0" use-parent-layout="false"/>
@@ -34,7 +34,7 @@
           </component>
           <vspacer id="c732">
             <constraints>
-              <grid row="2" column="1" row-span="1" col-span="1" vsize-policy="6" hsize-policy="1" anchor="0" fill="2" indent="0" use-parent-layout="false"/>
+              <grid row="3" column="1" row-span="1" col-span="1" vsize-policy="6" hsize-policy="1" anchor="0" fill="2" indent="0" use-parent-layout="false"/>
             </constraints>
           </vspacer>
           <component id="cccd6" class="com.intellij.ui.components.JBCheckBox" binding="myIpythonEnabledCheckbox">
@@ -45,6 +45,14 @@
               <text value="Use IPython if available"/>
             </properties>
           </component>
+          <component id="65b83" class="com.intellij.ui.components.JBCheckBox" binding="myShowsVariablesByDefault">
+            <constraints>
+              <grid row="2" column="0" row-span="1" col-span="1" vsize-policy="0" hsize-policy="0" anchor="8" fill="0" indent="0" use-parent-layout="false"/>
+            </constraints>
+            <properties>
+              <text value="Shows console variables by default"/>
+            </properties>
+          </component>
         </children>
       </grid>
       <hspacer id="4135">
diff --git a/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.java b/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.java
index b49799681cf0..99bee559b3ef 100644
--- a/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.java
+++ b/python/src/com/jetbrains/python/console/PyConsoleOptionsConfigurable.java
@@ -162,6 +162,7 @@ public class PyConsoleOptionsConfigurable extends SearchableConfigurable.Parent.
     private JPanel myWholePanel;
     private JBCheckBox myShowDebugConsoleByDefault;
     private JBCheckBox myIpythonEnabledCheckbox;
+    private JBCheckBox myShowsVariablesByDefault;
     private PyConsoleOptions myOptionsProvider;
 
     public JPanel createPanel(PyConsoleOptions optionsProvider) {
@@ -172,17 +173,20 @@ public class PyConsoleOptionsConfigurable extends SearchableConfigurable.Parent.
 
     public void apply() {
       myOptionsProvider.setShowDebugConsoleByDefault(myShowDebugConsoleByDefault.isSelected());
+      myOptionsProvider.setShowVariablesByDefault(myShowsVariablesByDefault.isSelected());
       myOptionsProvider.setIpythonEnabled(myIpythonEnabledCheckbox.isSelected());
     }
 
     public void reset() {
       myShowDebugConsoleByDefault.setSelected(myOptionsProvider.isShowDebugConsoleByDefault());
+      myShowsVariablesByDefault.setSelected(myOptionsProvider.isShowVariableByDefault());
       myIpythonEnabledCheckbox.setSelected(myOptionsProvider.isIpythonEnabled());
     }
 
     public boolean isModified() {
       return myShowDebugConsoleByDefault.isSelected() != myOptionsProvider.isShowDebugConsoleByDefault() ||
-             myIpythonEnabledCheckbox.isSelected()  != myOptionsProvider.isIpythonEnabled();
+             myIpythonEnabledCheckbox.isSelected()  != myOptionsProvider.isIpythonEnabled() ||
+             myShowsVariablesByDefault.isSelected() != myOptionsProvider.isShowVariableByDefault();
 
     }
   }
diff --git a/python/src/com/jetbrains/python/console/PythonConsoleView.java b/python/src/com/jetbrains/python/console/PythonConsoleView.java
index c2790598e495..d898857e0679 100644
--- a/python/src/com/jetbrains/python/console/PythonConsoleView.java
+++ b/python/src/com/jetbrains/python/console/PythonConsoleView.java
@@ -97,7 +97,7 @@ public class PythonConsoleView extends LanguageConsoleImpl implements Observable
 
   private XStandaloneVariablesView mySplitView;
   private ActionCallback myInitialized = new ActionCallback();
-  private boolean isShowVars = true;
+  private boolean isShowVars;
 
   /**
    * @param testMode this console will be used to display test output and should support TC messages
@@ -105,7 +105,7 @@ public class PythonConsoleView extends LanguageConsoleImpl implements Observable
   public PythonConsoleView(final Project project, final String title, final Sdk sdk,  final boolean testMode) {
     super(project, title, PythonLanguage.getInstance());
     myTestMode = testMode;
-
+    isShowVars = PyConsoleOptions.getInstance(project).isShowVariableByDefault();
     getVirtualFile().putUserData(LanguageLevel.KEY, PythonSdkType.getLanguageLevelForSdk(sdk));
     // Mark editor as console one, to prevent autopopup completion
     getConsoleEditor().putUserData(PythonConsoleAutopopupBlockingHandler.REPL_KEY, new Object());