diff --git a/python/src/com/jetbrains/python/inspections/PySetFunctionToLiteralInspection.java b/python/src/com/jetbrains/python/inspections/PySetFunctionToLiteralInspection.java
index 2a884d22afab..2a563fe9cfcb 100644
--- a/python/src/com/jetbrains/python/inspections/PySetFunctionToLiteralInspection.java
+++ b/python/src/com/jetbrains/python/inspections/PySetFunctionToLiteralInspection.java
@@ -1,7 +1,12 @@
 package com.jetbrains.python.inspections;
 
+import com.intellij.codeInspection.InspectionProfile;
+import com.intellij.codeInspection.InspectionProfileEntry;
 import com.intellij.codeInspection.LocalInspectionToolSession;
 import com.intellij.codeInspection.ProblemsHolder;
+import com.intellij.codeInspection.ex.InspectionToolWrapper;
+import com.intellij.openapi.util.JDOMExternalizableStringList;
+import com.intellij.profile.codeInspection.InspectionProjectProfileManager;
 import com.intellij.psi.PsiElement;
 import com.intellij.psi.PsiElementVisitor;
 import com.intellij.psi.PsiReference;
@@ -44,18 +49,32 @@ public class PySetFunctionToLiteralInspection extends PyInspection {
 
     @Override
     public void visitPyCallExpression(final PyCallExpression node) {
-      if (LanguageLevel.forElement(node).supportsSetLiterals()) {
-        PyExpression callee = node.getCallee();
-        if (node.isCalleeText(PyNames.SET) && isInBuiltins(callee)) {
-          PyExpression[] arguments = node.getArguments();
-          if (arguments.length == 1) {
-            PyElement[] elements = getSetCallArguments(node);
-            if (elements.length != 0)
-                registerProblem(node, PyBundle.message("INSP.NAME.set.function.to.literal"),
-                                                 new ReplaceFunctionWithSetLiteralQuickFix());
+      if (!isAvailable(node)) return;
+      PyExpression callee = node.getCallee();
+      if (node.isCalleeText(PyNames.SET) && isInBuiltins(callee)) {
+        PyExpression[] arguments = node.getArguments();
+        if (arguments.length == 1) {
+          PyElement[] elements = getSetCallArguments(node);
+          if (elements.length != 0)
+              registerProblem(node, PyBundle.message("INSP.NAME.set.function.to.literal"),
+                                               new ReplaceFunctionWithSetLiteralQuickFix());
+        }
+      }
+    }
+
+    private static boolean isAvailable(PyCallExpression node) {
+      final InspectionProfile profile = InspectionProjectProfileManager.getInstance(node.getProject()).getInspectionProfile();
+      final InspectionToolWrapper inspectionTool = profile.getInspectionTool("PyCompatibilityInspection", node.getProject());
+      if (inspectionTool != null) {
+        final InspectionProfileEntry inspection = inspectionTool.getTool();
+        if (inspection instanceof PyCompatibilityInspection) {
+          final JDOMExternalizableStringList versions = ((PyCompatibilityInspection)inspection).ourVersions;
+          for (String s : versions) {
+            if (!LanguageLevel.fromPythonVersion(s).supportsSetLiterals()) return false;
           }
         }
       }
+      return LanguageLevel.forElement(node).supportsSetLiterals();
     }
 
     private static boolean isInBuiltins(PyExpression callee) {