diff --git a/NEWS b/NEWS
index 31eb61ea..5d3cf392 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,4 @@
+ - fix handling of multiple identical inserts in one display()-call (messju)
  - replace {} string access with equivalent substr() to avoid E_STRICT
    warnings in PHP 5.1 (boots)
  - return valid reference in get_config_vars() when given var is
diff --git a/libs/internals/core.process_cached_inserts.php b/libs/internals/core.process_cached_inserts.php
index 29cb007e..1d78edd9 100644
--- a/libs/internals/core.process_cached_inserts.php
+++ b/libs/internals/core.process_cached_inserts.php
@@ -52,7 +52,7 @@ function smarty_core_process_cached_inserts($params, &$smarty)
             $replace = '';
         }
 
-        $params['results'] = str_replace($cached_inserts[$i], $replace, $params['results']);
+        $params['results'] = substr_replace($params['results'], $replace, strpos($params['results'], $cached_inserts[$i]), strlen($cached_inserts[$i]));
         if ($smarty->debugging) {
             $_params = array();
             require_once(SMARTY_CORE_DIR . 'core.get_microtime.php');