diff --git a/ANNOUNCE b/ANNOUNCE
index 033f50b2d2..7a00304d34 100644
--- a/ANNOUNCE
+++ b/ANNOUNCE
@@ -77,6 +77,9 @@ The LyX team.
 What's new in version 1.4.5?
 ---------------------------- 
 
+What's new
+==========
+
 ** Updates:
 ***********
 
@@ -131,6 +134,9 @@ What's new in version 1.4.5?
 - Fix display of math root inset when the exponent contains large
   things (bug 3295).
 
+- Fix display of the \overset math macro when the first argument has a
+  non-zero descent.
+
 - Set a default image size value (bug 2458).
 
 - Get ProvidesNatbib working correctly, esp. for egs.layout.
diff --git a/src/mathed/ChangeLog b/src/mathed/ChangeLog
index 9fde9012b6..08e9d8b464 100644
--- a/src/mathed/ChangeLog
+++ b/src/mathed/ChangeLog
@@ -1,3 +1,8 @@
+2007-07-12  André Pönitz  <poenitz@lyx.org>
+
+	* math_oversetinset.C (draw): fix drawing when the first argument
+	has a non-zero descent.
+
 2007-07-09  Jean-Marc Lasgouttes  <lasgouttes@lyx.org>
 
 	* math_hullinset.C (MathHullInset): do not lose the preview when
diff --git a/src/mathed/math_oversetinset.C b/src/mathed/math_oversetinset.C
index ed4670407b..e34df2baca 100644
--- a/src/mathed/math_oversetinset.C
+++ b/src/mathed/math_oversetinset.C
@@ -43,7 +43,7 @@ void MathOversetInset::metrics(MetricsInfo & mi, Dimension & dim) const
 void MathOversetInset::draw(PainterInfo & pi, int x, int y) const
 {
 	int m  = x + width() / 2;
-	int yo = y - cell(1).ascent() + cell(0).descent() - 1;
+	int yo = y - cell(1).ascent() - cell(0).descent() - 1;
 	cell(1).draw(pi, m - cell(1).width() / 2, y);
 	FracChanger dummy(pi.base);
 	cell(0).draw(pi, m - cell(0).width() / 2, yo);
diff --git a/status.14x b/status.14x
index b5b48c3190..2a35c8ee6d 100644
--- a/status.14x
+++ b/status.14x
@@ -71,6 +71,9 @@ What's new
 - Fix display of math root inset when the exponent contains large
   things (bug 3295).
 
+- Fix display of the \overset math macro when the first argument has a
+  non-zero descent.
+
 - Set a default image size value (bug 2458).
 
 - Get ProvidesNatbib working correctly, esp. for egs.layout.