diff --git a/README.md b/README.md
index 7800487e9455..5d4abee4d3c7 100644
--- a/README.md
+++ b/README.md
@@ -4,7 +4,7 @@ To develop IntelliJ IDEA, you can use either IntelliJ IDEA Community Edition or
 * Run **getPlugins.sh** / **getPlugins.bat** from the project root directory to check out additional modules.
 * Make sure you have the **Groovy** plugin enabled. Parts of IntelliJ IDEA are written in Groovy, and you will get compilation errors if you don't have the plugin enabled.
 * Make sure you have the **UI Designer** plugin enabled. Most of IntelliJ IDEA's UI is built using the **UI Designer**, and the version you build will not run correctly if you don't have the plugin enabled.
-* Open the directory with the source code as a [directory-based project](http://www.jetbrains.com/idea/webhelp/project.html)
+* Open the project
 * Configure a JSDK named "**IDEA jdk**" (case sensitive), pointing to an installation of JDK 1.6
 * Unless you're running on a Mac with an Apple JDK, add <JDK_HOME>/lib/tools.jar to the set of "**IDEA jdk**" jars.
 * Use Build | Make Project to build the code.