Index: pyyaml/trunk/lib/yaml/constructor.py
===================================================================
--- pyyaml/trunk/lib/yaml/constructor.py	(revision 303)
+++ pyyaml/trunk/lib/yaml/constructor.py	(revision 377)
@@ -59,9 +59,9 @@
 
     def construct_object(self, node, deep=False):
+        if node in self.constructed_objects:
+            return self.constructed_objects[node]
         if deep:
             old_deep = self.deep_construct
             self.deep_construct = True
-        if node in self.constructed_objects:
-            return self.constructed_objects[node]
         if node in self.recursive_objects:
             raise ConstructorError(None, None,