diff --git a/devel/py-psyco/Makefile b/devel/py-psyco/Makefile
index aa70cd85b98e..3c106252c254 100644
--- a/devel/py-psyco/Makefile
+++ b/devel/py-psyco/Makefile
@@ -6,8 +6,7 @@
 #
 
 PORTNAME=	psyco
-PORTVERSION=	1.2
-PORTREVISION=	1
+PORTVERSION=	1.3
 CATEGORIES=	devel python
 MASTER_SITES=	${MASTER_SITE_SOURCEFORGE}
 MASTER_SITE_SUBDIR=	psyco
@@ -24,4 +23,8 @@ USE_PYDISTUTILS=yes
 
 WRKSRC=		${WRKDIR}/psyco-${PORTVERSION}
 
+post-install:
+# fix installation permissions
+	@${CHMOD} ${SHAREMODE} ${PYTHON_SITELIBDIR}/psyco/*
+
 .include <bsd.port.mk>
diff --git a/devel/py-psyco/distinfo b/devel/py-psyco/distinfo
index ddbf35ed708d..c00f62079589 100644
--- a/devel/py-psyco/distinfo
+++ b/devel/py-psyco/distinfo
@@ -1,2 +1,2 @@
-MD5 (psyco-1.2-src.tar.gz) = 441bfc7693bf13902a479550dcbaabd2
-SIZE (psyco-1.2-src.tar.gz) = 318472
+MD5 (psyco-1.3-src.tar.gz) = ef2dd14e933c40b420693d0cf5bb2aff
+SIZE (psyco-1.3-src.tar.gz) = 1099318
diff --git a/devel/py-psyco/files/patch-c::codemanager.c b/devel/py-psyco/files/patch-c::codemanager.c
deleted file mode 100644
index fa5a6a3bb61b..000000000000
--- a/devel/py-psyco/files/patch-c::codemanager.c
+++ /dev/null
@@ -1,85 +0,0 @@
---- c/codemanager.c.orig	Tue Dec  2 17:46:39 2003
-+++ c/codemanager.c	Sun Aug  1 08:41:16 2004
-@@ -2,21 +2,12 @@
- #include <ipyencoding.h>
- 
- /*** Allocators for Large Executable Blocks of Memory ***/
--/* Defaults, possibly overridden below */
--#define LEBM_WITH_MMAP         0  /* assume memory executable by default */
--#define LEBM_NUM_BIGBLOCKS     1  /* not too large blocks */
- 
- #ifndef MS_WINDOWS
- /* Assume UNIX */
- #  include <sys/mman.h>
--#  if defined(MAP_ANONYMOUS) || defined(MAP_ANON)
--#    undef LEBM_WITH_MMAP
--#    undef LEBM_NUM_BIGBLOCKS
--#    define LEBM_WITH_MMAP           1  /* use mmap() with PROT_EXEC */
--#    define LEBM_NUM_BIGBLOCKS      32  /* ask for 32MB at a time */
--#    ifndef MAP_ANONYMOUS
--#      define MAP_ANONYMOUS  MAP_ANON
--#    endif
-+#  if defined(MAP_ANON) && !defined(MAP_ANONYMOUS)
-+#    define MAP_ANONYMOUS  MAP_ANON
- #  endif
- #endif
- 
-@@ -42,22 +33,44 @@
- 
- static void allocate_more_buffers(codemanager_buf_t** bb)
- {
--  char* p;
--  int i;
--  
--#if LEBM_WITH_MMAP
--  p = (char*) mmap(NULL, BIG_BUFFER_SIZE * LEBM_NUM_BIGBLOCKS,
--                   PROT_EXEC|PROT_READ|PROT_WRITE,
--                   MAP_PRIVATE|MAP_ANONYMOUS, 0, 0);
--  if (p == MAP_FAILED)
--    OUT_OF_MEMORY();
--#else
--  p = (char*) PyMem_MALLOC(BIG_BUFFER_SIZE * LEBM_NUM_BIGBLOCKS);
--  if (!p)
--    OUT_OF_MEMORY();
-+  char* p = NULL;
-+  int num_bigblocks = 1;
-+
-+#if defined(MAP_ANONYMOUS) && defined(MAP_PRIVATE)
-+  /* if we have anonymous mmap's, try using that -- this is known
-+     to fail on some platforms */
-+  static int mmap_works = -1;
-+  if (mmap_works != 0)
-+    {
-+      num_bigblocks = 32;    /* allocate 32MB at a time */
-+      p = (char*) mmap(NULL, BIG_BUFFER_SIZE * num_bigblocks,
-+                       PROT_EXEC|PROT_READ|PROT_WRITE,
-+                       MAP_PRIVATE|MAP_ANONYMOUS, -1, 0);
-+      if (p == MAP_FAILED || p == NULL)
-+        {
-+          if (mmap_works == 1)
-+            OUT_OF_MEMORY();
-+          mmap_works = 0;   /* doesn't work */
-+          p = NULL;
-+          num_bigblocks = 1;
-+          /* note that some platforms *require* the allocation to be performed
-+             by mmap, because PyMem_MALLOC() doesn't set the PROT_EXEC flag.
-+             On these platforms we just hope that the first allocation is
-+             successful, which sets mmap_works to 1; a failure in a subsequent
-+             allocation correctly signals the OUT_OF_MEMORY. */
-+        }
-+      else
-+        mmap_works = 1;
-+    }
- #endif
- 
--  for (i=0; i<LEBM_NUM_BIGBLOCKS; i++)
-+  if (p == NULL)
-+    {
-+      p = (char*) PyMem_MALLOC(BIG_BUFFER_SIZE);
-+      if (p == NULL)
-+        OUT_OF_MEMORY();
-+    }
-+  while (--num_bigblocks >= 0)
-     {
-       /* the codemanager_buf_t structure is put at the end of the buffer,
-          with its signature to detect overflows (just in case) */