diff --git a/python/src/com/jetbrains/python/codeInsight/PyDunderAllReference.java b/python/src/com/jetbrains/python/codeInsight/PyDunderAllReference.java
index 76b59b4ade92..b06a549f2f69 100644
--- a/python/src/com/jetbrains/python/codeInsight/PyDunderAllReference.java
+++ b/python/src/com/jetbrains/python/codeInsight/PyDunderAllReference.java
@@ -1,13 +1,21 @@
 package com.jetbrains.python.codeInsight;
 
+import com.intellij.openapi.util.Key;
 import com.intellij.openapi.util.TextRange;
 import com.intellij.psi.PsiElement;
+import com.intellij.psi.PsiNamedElement;
 import com.intellij.psi.PsiReferenceBase;
+import com.intellij.psi.ResolveState;
+import com.intellij.psi.scope.PsiScopeProcessor;
 import com.intellij.util.ArrayUtil;
 import com.jetbrains.python.psi.PyFile;
 import com.jetbrains.python.psi.PyStringLiteralExpression;
+import com.jetbrains.python.psi.PyUtil;
+import com.jetbrains.python.psi.impl.LightNamedElement;
 import org.jetbrains.annotations.NotNull;
+import org.jetbrains.annotations.Nullable;
 
+import java.util.ArrayList;
 import java.util.List;
 
 /**
@@ -33,6 +41,30 @@ public class PyDunderAllReference extends PsiReferenceBase<PyStringLiteralExpres
   @NotNull
   @Override
   public Object[] getVariants() {
-    return ArrayUtil.EMPTY_OBJECT_ARRAY;
+    final List<PsiElement> result = new ArrayList<PsiElement>();
+    PyFile containingFile = (PyFile) getElement().getContainingFile().getOriginalFile();
+    final List<String> dunderAll = containingFile.getDunderAll();
+    containingFile.processDeclarations(new PsiScopeProcessor() {
+      @Override
+      public boolean execute(PsiElement element, ResolveState state) {
+        if (element instanceof PsiNamedElement && !(element instanceof LightNamedElement)) {
+          final String name = ((PsiNamedElement)element).getName();
+          if (name != null && PyUtil.getInitialUnderscores(name) == 0 && (dunderAll == null || !dunderAll.contains(name))) {
+            result.add(element);
+          }
+        }
+        return true;
+      }
+
+      @Override
+      public <T> T getHint(Key<T> hintKey) {
+        return null;
+      }
+
+      @Override
+      public void handleEvent(Event event, @Nullable Object associated) {
+      }
+    }, ResolveState.initial(), null, containingFile);
+    return ArrayUtil.toObjectArray(result);
   }
 }
diff --git a/python/testData/completion/dunderAllReference.after.py b/python/testData/completion/dunderAllReference.after.py
new file mode 100644
index 000000000000..a22fb0ad80ad
--- /dev/null
+++ b/python/testData/completion/dunderAllReference.after.py
@@ -0,0 +1,4 @@
+__all__ = ['xyzzy']
+
+def xyzzy():
+    pass
\ No newline at end of file
diff --git a/python/testData/completion/dunderAllReference.py b/python/testData/completion/dunderAllReference.py
new file mode 100644
index 000000000000..c35270431971
--- /dev/null
+++ b/python/testData/completion/dunderAllReference.py
@@ -0,0 +1,4 @@
+__all__ = ['xy<caret>']
+
+def xyzzy():
+    pass
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/PythonCompletionTest.java b/python/testSrc/com/jetbrains/python/PythonCompletionTest.java
index 23e628062221..d11717b76b48 100644
--- a/python/testSrc/com/jetbrains/python/PythonCompletionTest.java
+++ b/python/testSrc/com/jetbrains/python/PythonCompletionTest.java
@@ -512,4 +512,8 @@ public class PythonCompletionTest extends PyTestCase {
     final List<String> strings = myFixture.getLookupElementStrings();
     assertFalse(strings.contains("mro"));
   }
+  
+  public void testDunderAllReference() {  // PY-5502
+    doTest();
+  }
 }