diff --git a/django/template/loader.py b/django/template/loader.py
index 2fc1a7a3aa..98eddf24f2 100644
--- a/django/template/loader.py
+++ b/django/template/loader.py
@@ -191,12 +191,15 @@ def render_to_string(template_name, dictionary=None, context_instance=None):
 
 def select_template(template_name_list):
     "Given a list of template names, returns the first that can be loaded."
+    not_found = []
     for template_name in template_name_list:
         try:
             return get_template(template_name)
-        except TemplateDoesNotExist:
+        except TemplateDoesNotExist, e:
+            if e.args[0] not in not_found:
+                not_found.append(e.args[0])
             continue
     # If we get here, none of the templates could be loaded
-    raise TemplateDoesNotExist(', '.join(template_name_list))
+    raise TemplateDoesNotExist(', '.join(not_found))
 
 add_to_builtins('django.template.loader_tags')
diff --git a/tests/regressiontests/templates/templates/test_include_error.html b/tests/regressiontests/templates/templates/test_include_error.html
new file mode 100644
index 0000000000..6db959380e
--- /dev/null
+++ b/tests/regressiontests/templates/templates/test_include_error.html
@@ -0,0 +1 @@
+{% include "missing.html" %}
\ No newline at end of file
diff --git a/tests/regressiontests/templates/tests.py b/tests/regressiontests/templates/tests.py
index fb47b27d90..c99081932a 100644
--- a/tests/regressiontests/templates/tests.py
+++ b/tests/regressiontests/templates/tests.py
@@ -237,6 +237,38 @@ class Templates(unittest.TestCase):
             loader.template_source_loaders = old_loaders
             settings.TEMPLATE_DEBUG = old_td
 
+
+    def test_include_missing_template(self):
+        """
+        Tests that the correct template is identified as not existing
+        when {% include %} specifies a template that does not exist.
+        """
+
+        # TEMPLATE_DEBUG must be true, otherwise the exception raised
+        # during {% include %} processing will be suppressed.
+        old_td, settings.TEMPLATE_DEBUG = settings.TEMPLATE_DEBUG, True
+        old_loaders = loader.template_source_loaders
+
+        try:
+            # Test the base loader class via the app loader. load_template
+            # from base is used by all shipped loaders excepting cached,
+            # which has its own test.
+            loader.template_source_loaders = (app_directories.Loader(),)
+
+            load_name = 'test_include_error.html'
+            r = None
+            try:
+                tmpl = loader.select_template([load_name])
+                r = tmpl.render(template.Context({}))
+            except template.TemplateDoesNotExist, e:
+                settings.TEMPLATE_DEBUG = old_td
+                self.assertEqual(e.args[0], 'missing.html')
+            self.assertEqual(r, None, 'Template rendering unexpectedly succeeded, produced: ->%r<-' % r)
+        finally:
+            loader.template_source_loaders = old_loaders
+            settings.TEMPLATE_DEBUG = old_td
+
+
     def test_extends_include_missing_baseloader(self):
         """
         Tests that the correct template is identified as not existing