diff --git a/VERSION b/VERSION
index dff049ea..6d08a8b8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-Version 2.4.6-stable+timestamp.2013.04.24.18.04.43
+Version 2.4.6-stable+timestamp.2013.04.25.18.09.54
diff --git a/gluon/sqlhtml.py b/gluon/sqlhtml.py
index dc9322fc..5e61ff3a 100644
--- a/gluon/sqlhtml.py
+++ b/gluon/sqlhtml.py
@@ -1073,7 +1073,7 @@ class SQLFORM(FORM):
             cond = readonly or \
                 (not ignore_rw and not field.writable and field.readable)
 
-            if default and not cond:
+            if default is not None and not cond:
                 default = field.formatter(default)
             dspval = default
             inpval = default