diff --git a/VERSION b/VERSION
index 331fc188..58e433e0 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-Version 2.0.8 (2012-09-13 07:46:11) stable
+Version 2.0.8 (2012-09-13 08:30:17) stable
diff --git a/gluon/contrib/memcache/__init__.py b/gluon/contrib/memcache/__init__.py
index e8ab64d9..15817bcb 100644
--- a/gluon/contrib/memcache/__init__.py
+++ b/gluon/contrib/memcache/__init__.py
@@ -61,7 +61,7 @@ class MemcacheClientObj(Client):
             if item:
                 if not isinstance(item,(list,tuple)):
                     value = item
-                elif (item[0] < now - dt): # value expired
+                elif (item[0] < now - time_expire): # value expired
                     item = None # value to be computed
                 else:
                     value = item[1]