diff -rupN src/gdb/doc/gdb.texinfo src_ref/gdb/doc/gdb.texinfo
--- src/gdb/doc/gdb.texinfo	2012-03-08 00:55:37.000000000 +0530
+++ src_ref/gdb/doc/gdb.texinfo	2012-03-14 23:28:48.087128459 +0530
@@ -22137,6 +22137,79 @@ bar = foo.dereference ()
 
 The result @code{bar} will be a @code{gdb.Value} object holding the
 value pointed to by @code{foo}.
+
+A similar function @code{Value.referenced_value} exists which also
+returns @code{gdb.Value} objects corresonding to the values pointed to
+by pointer values (and additionally, values referenced by reference
+values).  However, the behavior of @code{Value.dereference}
+differs from @code{Value.referenced_value} by the fact that the
+behavior of @code{Value.dereference} is identical to applying the C
+unary operator @code{*} on a given value.  For example, consider a
+reference to a pointer @code{ptrref}, declared in your C@t{++} program
+as
+
+@smallexample
+typedef int *intptr;
+...
+int val = 10;
+intptr ptr = &val;
+intptr &ptrref = ptr;
+@end smallexample
+
+Though @code{ptrref} is a reference value, one can apply the method
+@code{Value.dereference} to the @code{gdb.Value} object corresponding
+to it and obtain a @code{gdb.Value} which is identical to that
+corresponding to @code{val}.  However, if you apply the method
+@code{Value.referenced_value}, the result would be a @code{gdb.Value}
+object identical to that corresponding to @code{ptr}.
+
+@smallexample
+py_ptrref = gdb.parse_and_eval ("ptrref")
+py_val = py_ptrref.dereference ()
+py_ptr = py_ptrref.referenced_value ()
+@end smallexample
+
+The @code{gdb.Value} object @code{py_val} is identical to that
+corresponding to @code{val}, and @code{py_ptr} is identical to that
+corresponding to @code{ptr}.  In general, @code{Value.dereference} can
+be applied whenever the C unary operator @code{*} can be applied
+to the corresponding C value.  For those cases where applying both
+@code{Value.dereference} and @code{Value.referenced_value} is allowed,
+the results obtained need not be identical (as we have seen in the above
+example).  The results are however identical when applied on
+@code{gdb.Value} objects corresponding to pointers (@code{gdb.Value}
+objects with type code @code{TYPE_CODE_PTR}) in a C/C@t{++} program.
+@end defun
+
+@defun Value.referenced_value ()
+For pointer or reference data types, this method returns a new
+@code{gdb.Value} object corresponding to the value referenced by the
+pointer/reference value.  For pointer data types,
+@code{Value.dereference} and @code{Value.referenced_value} produce
+identical results.  The difference between these methods is that
+@code{Value.dereference} cannot get the values referenced by reference
+values.  For example, consider a reference to an @code{int}, declared
+in your C@t{++} program as
+
+@smallexample
+int val = 10;
+int &ref = val;
+@end smallexample
+
+@noindent
+then applying @code{Value.dereference} to the @code{gdb.Value} object
+corresponding to @code{ref} will result in an error, while applying
+@code{Value.referenced_value} will result in a @code{gdb.Value} object
+identical to that corresponding to @code{val}.
+
+@smallexample
+py_ref = gdb.parse_and_eval ("ref")
+er_ref = py_ref.dereference ()       # Results in error
+py_val = py_ref.referenced_value ()  # Returns the referenced value
+@end smallexample
+
+The @code{gdb.Value} object @code{py_val} is identical to that
+corresponding to @code{val}.
 @end defun
 
 @defun Value.dynamic_cast (type)
diff -rupN src/gdb/NEWS src_ref/gdb/NEWS
--- src/gdb/NEWS	2012-03-08 00:55:36.000000000 +0530
+++ src_ref/gdb/NEWS	2012-03-13 16:57:53.278158455 +0530
@@ -23,6 +23,9 @@
      frame in order to compute its value, and the latter computes the
      symbol's value.
 
+  ** A new method 'referenced_value' on gdb.Value objects which can
+     dereference pointer as well as C++ reference values.
+
 * GDBserver now supports stdio connections.
   E.g. (gdb) target remote | ssh myhost gdbserver - hello
 
diff -rupN src/gdb/python/py-value.c src_ref/gdb/python/py-value.c
--- src/gdb/python/py-value.c	2012-03-02 02:36:54.000000000 +0530
+++ src_ref/gdb/python/py-value.c	2012-03-14 22:42:17.299833293 +0530
@@ -192,6 +192,47 @@ valpy_dereference (PyObject *self, PyObj
   return result;
 }
 
+/* Given a value of a pointer type or a reference type, return the value
+   referenced. The difference between this function and valpy_dereference is
+   that the latter applies * unary operator to a value, which need not always
+   result in the value referenced. For example, for a value which is a reference
+   to an 'int' pointer ('int *'), valpy_dereference will result in a value of
+   type 'int' while valpy_referenced_value will result in a value of type
+   'int *'.  */
+
+static PyObject *
+valpy_referenced_value (PyObject *self, PyObject *args)
+{
+  volatile struct gdb_exception except;
+  PyObject *result = NULL;
+
+  TRY_CATCH (except, RETURN_MASK_ALL)
+    {
+      struct value *self_val, *res_val;
+      struct cleanup *cleanup = make_cleanup_value_free_to_mark (value_mark ());
+
+      self_val = ((value_object *) self)->value;
+      switch (TYPE_CODE (check_typedef (value_type (self_val))))
+        {
+        case TYPE_CODE_PTR:
+          res_val = value_ind (self_val);
+          break;
+        case TYPE_CODE_REF:
+          res_val = coerce_ref (self_val);
+          break;
+        default:
+          error(_("Trying to get the referenced value from a value which is "
+                  "neither a pointer nor a reference."));
+        }
+
+      result = value_to_value_object (res_val);
+      do_cleanups (cleanup);
+    }
+  GDB_PY_HANDLE_EXCEPTION (except);
+
+  return result;
+}
+
 /* Return "&value".  */
 static PyObject *
 valpy_get_address (PyObject *self, void *closure)
@@ -1379,6 +1420,8 @@ Cast the value to the supplied type, as 
 reinterpret_cast operator."
   },
   { "dereference", valpy_dereference, METH_NOARGS, "Dereferences the value." },
+  { "referenced_value", valpy_referenced_value, METH_NOARGS,
+    "Return the value referenced by a TYPE_CODE_REF or TYPE_CODE_PTR value." },
   { "lazy_string", (PyCFunction) valpy_lazy_string,
     METH_VARARGS | METH_KEYWORDS,
     "lazy_string ([encoding]  [, length]) -> lazy_string\n\
diff -rupN src/gdb/testsuite/gdb.python/Makefile.in src_ref/gdb/testsuite/gdb.python/Makefile.in
--- src/gdb/testsuite/gdb.python/Makefile.in	2011-12-23 22:36:16.000000000 +0530
+++ src_ref/gdb/testsuite/gdb.python/Makefile.in	2012-03-11 00:40:36.902953529 +0530
@@ -5,7 +5,7 @@ EXECUTABLES = py-type py-value py-pretty
 	py-symbol py-mi py-breakpoint py-inferior py-infthread \
 	py-shared python lib-types py-events py-evthreads py-frame \
 	py-mi py-pp-maint py-progspace py-section-script py-objfile \
-	py-finish-breakpoint py-finish-breakpoint2
+	py-finish-breakpoint py-finish-breakpoint2 py-value-cc
 
 MISCELLANEOUS = py-shared-sl.sl py-events-shlib.so py-events-shlib-nodebug.so 
 
diff -rupN src/gdb/testsuite/gdb.python/py-value.cc src_ref/gdb/testsuite/gdb.python/py-value.cc
--- src/gdb/testsuite/gdb.python/py-value.cc	1970-01-01 05:30:00.000000000 +0530
+++ src_ref/gdb/testsuite/gdb.python/py-value.cc	2012-03-13 12:24:28.858190392 +0530
@@ -0,0 +1,39 @@
+/* This testcase is part of GDB, the GNU debugger.
+
+   Copyright 2012 Free Software Foundation, Inc.
+
+   This program is free software; you can redistribute it and/or modify
+   it under the terms of the GNU General Public License as published by
+   the Free Software Foundation; either version 3 of the License, or
+   (at your option) any later version.
+
+   This program is distributed in the hope that it will be useful,
+   but WITHOUT ANY WARRANTY; without even the implied warranty of
+   MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+   GNU General Public License for more details.
+
+   You should have received a copy of the GNU General Public License
+   along with this program.  If not, see <http://www.gnu.org/licenses/>.  */
+
+class A {
+};
+
+typedef int *int_ptr;
+
+int
+func (const A &a)
+{
+  int val = 10;
+  int &int_ref = val;
+  int_ptr ptr = &val;
+  int_ptr &int_ptr_ref = ptr;
+
+  return 0; /* Break here.  */
+}
+
+int
+main ()
+{
+  A obj;
+  return func (obj);
+}
diff -rupN src/gdb/testsuite/gdb.python/py-value-cc.exp src_ref/gdb/testsuite/gdb.python/py-value-cc.exp
--- src/gdb/testsuite/gdb.python/py-value-cc.exp	1970-01-01 05:30:00.000000000 +0530
+++ src_ref/gdb/testsuite/gdb.python/py-value-cc.exp	2012-03-14 22:31:00.769628405 +0530
@@ -0,0 +1,48 @@
+# Copyright (C) 2012 Free Software Foundation, Inc.
+
+# This program is free software; you can redistribute it and/or modify
+# it under the terms of the GNU General Public License as published by
+# the Free Software Foundation; either version 3 of the License, or
+# (at your option) any later version.
+#
+# This program is distributed in the hope that it will be useful,
+# but WITHOUT ANY WARRANTY; without even the implied warranty of
+# MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+# GNU General Public License for more details.
+#
+# You should have received a copy of the GNU General Public License
+# along with this program.  If not, see <http://www.gnu.org/licenses/>.
+
+# This file is part of the GDB testsuite.  It tests the mechanism
+# exposing values to Python.
+
+if { [skip_cplus_tests] } { continue }
+
+set testfile "py-value"
+set srcfile ${testfile}.cc
+set binfile ${objdir}/${subdir}/${testfile}
+
+if {[prepare_for_testing $testfile.exp $testfile $srcfile {debug c++}]} {
+    return -1
+}
+
+# Skip all tests if Python scripting is not enabled.
+if { [skip_python_tests] } { continue }
+
+if ![runto_main] {
+   return -1
+}
+
+gdb_breakpoint [gdb_get_line_number "Break here."]
+gdb_continue_to_breakpoint "Break here" ".*Break here.*"
+
+gdb_test "python print str(gdb.parse_and_eval(\"a\").type)" "const A &"
+gdb_test "python print str(gdb.parse_and_eval(\"a\").referenced_value().type)" "const A"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ref\").type)" "int &"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ref\").referenced_value().type)" "int"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ref\").referenced_value())" "10"
+
+gdb_test "python print str(gdb.parse_and_eval(\"int_ptr_ref\").dereference().type)" "int"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ptr_ref\").referenced_value().type)" "int_ptr"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ptr_ref\").referenced_value().dereference())" "10"
+gdb_test "python print str(gdb.parse_and_eval(\"int_ptr_ref\").referenced_value().referenced_value())" "10"