--- src/sage/misc/sage_timeit.py.orig	2015-12-19 11:09:42.836938821 +0100
+++ src/sage/misc/sage_timeit.py	2015-12-19 11:10:27.090217304 +0100
@@ -217,7 +217,7 @@
     # but is there a better way to achieve that the code stmt has access
     # to the shell namespace?
 
-    src = timeit_.template % {'stmt': timeit_.reindent(stmt, 8),
+    src = timeit_.template % {'init': "", 'stmt': timeit_.reindent(stmt, 8),
                              'setup': "pass"}
     code = compile(src, "<magic-timeit>", "exec")
     ns = {}