diff --git a/README.patches b/README.patches
index bf0d847..6e863d6 100644
--- a/README.patches
+++ b/README.patches
@@ -513,3 +513,4 @@ Individual patches for Vim 7.4:
   1610  7.4.489  cursor movement wrong when 'lbr' with a number column
   6856  7.4.490  cannot specify the buffer to use for "do" and "dp"
   1907  7.4.491  negative "topline" value for winrestview() has display errors
+  2917  7.4.492  Ctrl-O in Insert mode moves right after insert comment leader
diff --git a/vim.spec b/vim.spec
index 4d1716c..39bd8c9 100644
--- a/vim.spec
+++ b/vim.spec
@@ -1,4 +1,4 @@
-%define patchlevel 491
+%define patchlevel 492
 %if %{?WITH_SELINUX:0}%{!?WITH_SELINUX:1}
 %define WITH_SELINUX 1
 %endif
@@ -538,6 +538,7 @@ Patch488: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.488
 Patch489: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.489
 Patch490: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.490
 Patch491: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.491
+Patch492: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.492
 
 Patch3000: vim-7.4-syntax.patch
 Patch3002: vim-7.1-nowarnings.patch
@@ -1176,6 +1177,7 @@ perl -pi -e "s,bin/nawk,bin/awk,g" runtime/tools/mve.awk
 %patch489 -p0
 %patch490 -p0
 %patch491 -p0
+%patch492 -p0
 
 # install spell files
 %if %{withvimspell}
@@ -1693,6 +1695,9 @@ rm -rf %{buildroot}
 %{_datadir}/icons/hicolor/*/apps/*
 
 %changelog
+* Sat Nov 01 2014 Karsten Hopp <karsten@redhat.com> 7.4.492-1
+- patchlevel 492
+
 * Fri Oct 31 2014 Karsten Hopp <karsten@redhat.com> 7.4.491-1
 - patchlevel 491