diff --git a/django/core/management/commands/loaddata.py b/django/core/management/commands/loaddata.py
index 4492e5c6cb..bd867796c2 100644
--- a/django/core/management/commands/loaddata.py
+++ b/django/core/management/commands/loaddata.py
@@ -62,7 +62,7 @@ class Command(BaseCommand):
         fixture_object_count = 0
         models = set()
 
-        humanize = lambda dirname: dirname and "'%s'" % dirname or 'absolute path'
+        humanize = lambda dirname: "'%s'" % dirname if dirname else 'absolute path'
 
         # Get a cursor (even though we don't need one yet). This has
         # the side effect of initializing the test database (if
@@ -160,6 +160,11 @@ class Command(BaseCommand):
                     open_method = compression_types[compression_format]
                     try:
                         fixture = open_method(full_path, 'r')
+                    except IOError:
+                        if verbosity >= 2:
+                            self.stdout.write("No %s fixture '%s' in %s.\n" % \
+                                (format, fixture_name, humanize(fixture_dir)))
+                    else:
                         if label_found:
                             fixture.close()
                             self.stderr.write(self.style.ERROR("Multiple fixtures named '%s' in %s. Aborting.\n" %
@@ -232,11 +237,6 @@ class Command(BaseCommand):
                                     transaction.leave_transaction_management(using=using)
                                 return
 
-                    except Exception, e:
-                        if verbosity >= 2:
-                            self.stdout.write("No %s fixture '%s' in %s.\n" % \
-                                (format, fixture_name, humanize(fixture_dir)))
-
         # If we found even one object in a fixture, we need to reset the
         # database sequences.
         if loaded_object_count > 0:
diff --git a/tests/regressiontests/fixtures_regress/tests.py b/tests/regressiontests/fixtures_regress/tests.py
index 26e436b3c5..5b8dc6659f 100644
--- a/tests/regressiontests/fixtures_regress/tests.py
+++ b/tests/regressiontests/fixtures_regress/tests.py
@@ -405,6 +405,18 @@ class TestFixtures(TestCase):
             stderr.getvalue(), 'No database fixture specified. Please provide the path of at least one fixture in the command line.\n'
         )
 
+    def test_loaddata_not_existant_fixture_file(self):
+        stdout_output = StringIO()
+        management.call_command(
+            'loaddata',
+            'this_fixture_doesnt_exist',
+            verbosity=2,
+            commit=False,
+            stdout=stdout_output,
+        )
+        self.assertTrue("No xml fixture 'this_fixture_doesnt_exist' in" in
+            stdout_output.getvalue())
+
 
 class NaturalKeyFixtureTests(TestCase):