diff --git a/java/java-analysis-impl/src/com/intellij/codeInspection/dataFlow/value/DfaExpressionFactory.java b/java/java-analysis-impl/src/com/intellij/codeInspection/dataFlow/value/DfaExpressionFactory.java
index 9b32f8a4c000..bbc5de57df94 100644
--- a/java/java-analysis-impl/src/com/intellij/codeInspection/dataFlow/value/DfaExpressionFactory.java
+++ b/java/java-analysis-impl/src/com/intellij/codeInspection/dataFlow/value/DfaExpressionFactory.java
@@ -116,7 +116,7 @@ public class DfaExpressionFactory {
       return null;
     }
 
-    if (!var.hasModifierProperty(PsiModifier.VOLATILE) && !var.hasModifierProperty(PsiModifier.TRANSIENT)) {
+    if (!var.hasModifierProperty(PsiModifier.VOLATILE)) {
       if (var instanceof PsiVariable && var.hasModifierProperty(PsiModifier.FINAL)) {
         DfaValue constValue = myFactory.getConstFactory().create((PsiVariable)var);
         if (constValue != null) return constValue;
diff --git a/java/java-tests/testData/inspection/dataFlow/fixture/RememberLocalTransientFieldState.java b/java/java-tests/testData/inspection/dataFlow/fixture/RememberLocalTransientFieldState.java
new file mode 100644
index 000000000000..9a08ed20803f
--- /dev/null
+++ b/java/java-tests/testData/inspection/dataFlow/fixture/RememberLocalTransientFieldState.java
@@ -0,0 +1,14 @@
+import org.jetbrains.annotations.NotNull;
+import org.jetbrains.annotations.Nullable;
+
+final class Alive {
+  @Nullable private transient Object elvis;
+  @NotNull
+  public Object smth() {
+    if (elvis != null) {
+      return elvis;
+    } else {
+      return <warning descr="'null' is returned by the method declared as @NotNull">null</warning>;
+    }
+  }
+}
\ No newline at end of file
diff --git a/java/java-tests/testSrc/com/intellij/codeInspection/DataFlowInspectionTest.java b/java/java-tests/testSrc/com/intellij/codeInspection/DataFlowInspectionTest.java
index cc86a456004f..971004403a20 100644
--- a/java/java-tests/testSrc/com/intellij/codeInspection/DataFlowInspectionTest.java
+++ b/java/java-tests/testSrc/com/intellij/codeInspection/DataFlowInspectionTest.java
@@ -186,6 +186,7 @@ public class DataFlowInspectionTest extends LightCodeInsightFixtureTestCase {
   public void testLastConstantConditionInAnd() { doTest(); }
 
   public void testTransientFinalField() { doTest(); }
+  public void testRememberLocalTransientFieldState() { doTest(); }
   public void testFinalFieldDuringInitialization() { doTest(); }
   public void testFinalFieldDuringSuperInitialization() { doTest(); }
   public void _testSymmetricUncheckedCast() { doTest(); } // http://youtrack.jetbrains.com/issue/IDEABKL-6871