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diff --git a/ChangeLog b/ChangeLog
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--- a/ChangeLog
+++ b/ChangeLog
@@ -1,6 +1,10 @@
 ChangeLog for logilab.common
 ============================
 
+--
+   * modutils: don't propagate IOError when package's __init__.py file doesn't
+     exist (#174606)
+
 2013-07-26  --  0.60.0
     * configuration: rename option_name method into option_attrname (#140667)