diff --git a/src/buffer.c b/src/buffer.c
index 4eaf3db..d686467 100644
--- a/src/buffer.c
+++ b/src/buffer.c
@@ -1978,6 +1978,9 @@
 #endif
     buf->b_p_ar = -1;
     buf->b_p_ul = NO_LOCAL_UNDOLEVEL;
+#ifdef FEAT_LISP
+    clear_string_option(&buf->b_p_lw);
+#endif
 }
 
 /*
diff --git a/src/misc1.c b/src/misc1.c
index b258d0b..9434961 100644
--- a/src/misc1.c
+++ b/src/misc1.c
@@ -8879,7 +8879,7 @@
 {
     char_u	buf[LSIZE];
     int		len;
-    char_u	*word = p_lispwords;
+    char_u	*word = *curbuf->b_p_lw != NUL ? curbuf->b_p_lw : p_lispwords;
 
     while (*word != NUL)
     {
diff --git a/src/option.c b/src/option.c
index 8c72da6..b1c888d 100644
--- a/src/option.c
+++ b/src/option.c
@@ -134,6 +134,7 @@
 #define PV_KP		OPT_BOTH(OPT_BUF(BV_KP))
 #ifdef FEAT_LISP
 # define PV_LISP	OPT_BUF(BV_LISP)
+# define PV_LW		OPT_BOTH(OPT_BUF(BV_LW))
 #endif
 #define PV_MA		OPT_BUF(BV_MA)
 #define PV_ML		OPT_BUF(BV_ML)
@@ -1718,7 +1719,7 @@
 			    {(char_u *)FALSE, (char_u *)0L} SCRIPTID_INIT},
     {"lispwords",   "lw",   P_STRING|P_VI_DEF|P_COMMA|P_NODUP,
 #ifdef FEAT_LISP
-			    (char_u *)&p_lispwords, PV_NONE,
+			    (char_u *)&p_lispwords, PV_LW,
 			    {(char_u *)LISPWORD_VALUE, (char_u *)0L}
 #else
 			    (char_u *)NULL, PV_NONE,
@@ -5412,6 +5413,9 @@
     check_string_option(&buf->b_p_dict);
     check_string_option(&buf->b_p_tsr);
 #endif
+#ifdef FEAT_LISP
+    check_string_option(&buf->b_p_lw);
+#endif
 }
 
 /*
@@ -9879,6 +9883,11 @@
 	case PV_UL:
 	    buf->b_p_ul = NO_LOCAL_UNDOLEVEL;
 	    break;
+#ifdef FEAT_LISP
+	case PV_LW:
+	    clear_string_option(&buf->b_p_lw);
+	    break;
+#endif
     }
 }
 
@@ -9928,6 +9937,9 @@
 	    case PV_STL:  return (char_u *)&(curwin->w_p_stl);
 #endif
 	    case PV_UL:   return (char_u *)&(curbuf->b_p_ul);
+#ifdef FEAT_LISP
+	    case PV_LW:   return (char_u *)&(curbuf->b_p_lw);
+#endif
 	}
 	return NULL; /* "cannot happen" */
     }
@@ -9994,6 +10006,10 @@
 #endif
 	case PV_UL:	return curbuf->b_p_ul != NO_LOCAL_UNDOLEVEL
 				    ? (char_u *)&(curbuf->b_p_ul) : p->var;
+#ifdef FEAT_LISP
+	case PV_LW:	return *curbuf->b_p_lw != NUL
+				    ? (char_u *)&(curbuf->b_p_lw) : p->var;
+#endif
 
 #ifdef FEAT_ARABIC
 	case PV_ARAB:	return (char_u *)&(curwin->w_p_arab);
@@ -10567,6 +10583,9 @@
 #ifdef FEAT_PERSISTENT_UNDO
 	    buf->b_p_udf = p_udf;
 #endif
+#ifdef FEAT_LISP
+	    buf->b_p_lw = empty_option;
+#endif
 
 	    /*
 	     * Don't copy the options set by ex_help(), use the saved values,
diff --git a/src/option.h b/src/option.h
index ce2dd00..5144c33 100644
--- a/src/option.h
+++ b/src/option.h
@@ -990,6 +990,7 @@
     , BV_KP
 #ifdef FEAT_LISP
     , BV_LISP
+    , BV_LW
 #endif
     , BV_MA
     , BV_ML
diff --git a/src/structs.h b/src/structs.h
index 97601af..3f0a948 100644
--- a/src/structs.h
+++ b/src/structs.h
@@ -1641,6 +1641,9 @@
 #ifdef FEAT_PERSISTENT_UNDO
     int		b_p_udf;	/* 'undofile' */
 #endif
+#ifdef FEAT_LISP
+    char_u	*b_p_lw;	/* 'lispwords' local value */
+#endif
 
     /* end of buffer options */
 
diff --git a/src/testdir/test100.in b/src/testdir/test100.in
index e423319..61d28c1 100644
--- a/src/testdir/test100.in
+++ b/src/testdir/test100.in
@@ -1,4 +1,4 @@
-Tests for 'undolevel' setting being global-local
+Tests for 'undolevel' and 'lispwords' settings being global-local
 
 STARTTEST
 :so small.vim
@@ -37,6 +37,14 @@
 :call UndoLevel()
 :%w >> test.out
 :"sleep 10
+:"
+:" Testing 'lispwords'
+:"
+:setglobal lispwords=foo,bar,baz
+:setlocal lispwords-=foo | setlocal lispwords+=quux
+:redir >> test.out | echon "\nTesting 'lispwords' local value" | setglobal lispwords? | setlocal lispwords? | echo &lispwords . "\n" | redir end
+:setlocal lispwords<
+:redir >> test.out | echon "\nTesting 'lispwords' value reset" | setglobal lispwords? | setlocal lispwords? | echo &lispwords . "\n" | redir end
 :qa!
 ENDTEST
 
diff --git a/src/testdir/test100.ok b/src/testdir/test100.ok
index 95b3184..477106b 100644
--- a/src/testdir/test100.ok
+++ b/src/testdir/test100.ok
@@ -39,3 +39,13 @@
 
   undolevels=50 global
   undolevels=-123456 local
+
+Testing 'lispwords' local value
+  lispwords=foo,bar,baz
+  lispwords=bar,baz,quux
+bar,baz,quux
+
+Testing 'lispwords' value reset
+  lispwords=foo,bar,baz
+  lispwords=foo,bar,baz
+foo,bar,baz
diff --git a/src/version.c b/src/version.c
index 4f953e3..30d762b 100644
--- a/src/version.c
+++ b/src/version.c
@@ -739,6 +739,8 @@
 static int included_patches[] =
 {   /* Add new patch number below this line */
 /**/
+    201,
+/**/
     200,
 /**/
     199,