diff --git a/include/boost/function/function_template.hpp b/include/boost/function/function_template.hpp
index 23687b4..5f5ea0b 100644
--- a/include/boost/function/function_template.hpp
+++ b/include/boost/function/function_template.hpp
@@ -976,10 +976,10 @@ namespace boost {
             get_vtable()->base.manager(f.functor, this->functor,
                                      boost::detail::function::move_functor_tag);
           f.vtable = 0;
-#if !defined(BOOST_NO_EXCEPTIONS)      
         } else {
           clear();
         }
+#if !defined(BOOST_NO_EXCEPTIONS)      
       } catch (...) {
         vtable = 0;
         throw;