diff -up pycurl-7.19.0/src/pycurl.c.reset-refcount pycurl-7.19.0/src/pycurl.c
--- pycurl-7.19.0/src/pycurl.c.reset-refcount	2011-01-25 12:05:07.000000000 +0100
+++ pycurl-7.19.0/src/pycurl.c	2011-01-25 12:06:31.935893380 +0100
@@ -1473,6 +1473,7 @@ do_curl_reset(CurlObject *self)
      * return value. */
     util_curl_init_handle(self);
 
+    Py_INCREF(Py_None);
     return Py_None;
 }
 
diff -up pycurl-7.19.0/tests/test_internals.py.reset-refcount pycurl-7.19.0/tests/test_internals.py
--- pycurl-7.19.0/tests/test_internals.py.reset-refcount	2003-05-01 18:48:54.000000000 +0200
+++ pycurl-7.19.0/tests/test_internals.py	2011-01-25 12:05:07.058253443 +0100
@@ -245,6 +245,11 @@ if 1 and gc:
     if opts.verbose >= 1:
         print "Tracked objects:", len(gc.get_objects())
 
+if 1:
+    # Ensure that the refcounting error in "reset" is fixed:
+    for i in xrange(100000):
+        c = Curl()
+        c.reset()
 
 # /***********************************************************************
 # // done