diff --git a/libgfortran/ChangeLog b/libgfortran/ChangeLog
index 69fca512c97..def1ef1c2ad 100644
--- a/libgfortran/ChangeLog
+++ b/libgfortran/ChangeLog
@@ -1,3 +1,10 @@
+2007-11-30  Jerry DeLisle  <jvdelisle@gcc.gnu.org>
+
+	PR libfortran/34291
+	* io/list_read.c (read_character): When reading an unquoted string,
+	return if special characters that could signify the end of the namelist
+	read are encountered.
+
 2007-11-29  Steven G. Kargl  <kargls@comcast.net>
 
 	PR libfortran/33583
diff --git a/libgfortran/io/list_read.c b/libgfortran/io/list_read.c
index 96cef54e7af..586e356d105 100644
--- a/libgfortran/io/list_read.c
+++ b/libgfortran/io/list_read.c
@@ -896,7 +896,8 @@ read_character (st_parameter_dt *dtp, int length __attribute__ ((unused)))
       if (dtp->u.p.namelist_mode)
 	{
 	  if (dtp->u.p.current_unit->flags.delim == DELIM_APOSTROPHE
-	      || dtp->u.p.current_unit->flags.delim == DELIM_QUOTE)
+	      || dtp->u.p.current_unit->flags.delim == DELIM_QUOTE
+	      || c == '&' || c == '$' || c == '/')
 	    {
 	      unget_char (dtp, c);
 	      return;
@@ -923,8 +924,9 @@ read_character (st_parameter_dt *dtp, int length __attribute__ ((unused)))
 		      goto get_string;
 		    }
 		}
- 
+
 	      l_push_char (dtp, c);
+
 	      if (c == '=' || c == '(')
 		{
 		  dtp->u.p.item_count = 0;
@@ -936,6 +938,7 @@ read_character (st_parameter_dt *dtp, int length __attribute__ ((unused)))
 
 	  /* The string is too long to be a valid object name so assume that it
 	     is a string to be read in as a value.  */
+	  dtp->u.p.item_count = 0;
 	  dtp->u.p.line_buffer_enabled = 1;
 	  goto get_string;
 	}