diff --git a/src/rustc/middle/resolve3.rs b/src/rustc/middle/resolve3.rs
index 7bbb43a14f90..3803d9634e5c 100644
--- a/src/rustc/middle/resolve3.rs
+++ b/src/rustc/middle/resolve3.rs
@@ -1904,6 +1904,16 @@ class Resolver {
             }
         }
 
+        let i = import_resolution;
+        alt (i.module_target, i.value_target, i.type_target, i.impl_target) {
+          /*
+            If this name wasn't found in any of the four namespaces, it's
+            definitely unresolved
+           */
+          (none, none, none, v) if v.len() == 0 { ret Failed; }
+          _ {}
+        }
+
         assert import_resolution.outstanding_references >= 1u;
         import_resolution.outstanding_references -= 1u;
 
diff --git a/src/test/compile-fail/issue-2937.rs b/src/test/compile-fail/issue-2937.rs
new file mode 100644
index 000000000000..01fa3cbfa0a1
--- /dev/null
+++ b/src/test/compile-fail/issue-2937.rs
@@ -0,0 +1,10 @@
+// error-pattern:failed to resolve imports
+// n.b. Can't use a //~ ERROR because there's a non-spanned error
+// message.
+import x = m::f;
+
+mod m {
+}
+
+fn main() {
+}
\ No newline at end of file