idx = 0;
        ptr = info->i_direct;
        spin_lock(&info->lock);
+       if (!info->swapped) {
+               list_del_init(&info->swaplist);
+               goto lost2;
+       }
        limit = info->next_index;
        size = limit;
        if (size > SHMEM_NR_DIRECT)
        inode = igrab(&info->vfs_inode);
        spin_unlock(&info->lock);
 
-       /* move head to start search for next from here */
-       list_move_tail(&shmem_swaplist, &info->swaplist);
+       /*
+        * Move _head_ to start search for next from here.
+        * But be careful: shmem_delete_inode checks list_empty without taking
+        * mutex, and there's an instant in list_move_tail when info->swaplist
+        * would appear empty, if it were the only one on shmem_swaplist.  We
+        * could avoid doing it if inode NULL; or use this minor optimization.
+        */
+       if (shmem_swaplist.next != &info->swaplist)
+               list_move_tail(&shmem_swaplist, &info->swaplist);
        mutex_unlock(&shmem_swaplist_mutex);
 
        error = 1;
        mutex_lock(&shmem_swaplist_mutex);
        list_for_each_safe(p, next, &shmem_swaplist) {
                info = list_entry(p, struct shmem_inode_info, swaplist);
-               if (info->swapped)
-                       found = shmem_unuse_inode(info, entry, page);
-               else
-                       list_del_init(&info->swaplist);
+               found = shmem_unuse_inode(info, entry, page);
                cond_resched();
                if (found)
                        goto out;
                remove_from_page_cache(page);
                shmem_swp_set(info, entry, swap.val);
                shmem_swp_unmap(entry);
+               if (list_empty(&info->swaplist))
+                       inode = igrab(inode);
+               else
+                       inode = NULL;
                spin_unlock(&info->lock);
-               if (list_empty(&info->swaplist)) {
-                       mutex_lock(&shmem_swaplist_mutex);
-                       /* move instead of add in case we're racing */
-                       list_move_tail(&info->swaplist, &shmem_swaplist);
-                       mutex_unlock(&shmem_swaplist_mutex);
-               }
                swap_duplicate(swap);
                BUG_ON(page_mapped(page));
                page_cache_release(page);       /* pagecache ref */
                set_page_dirty(page);
                unlock_page(page);
+               if (inode) {
+                       mutex_lock(&shmem_swaplist_mutex);
+                       /* move instead of add in case we're racing */
+                       list_move_tail(&info->swaplist, &shmem_swaplist);
+                       mutex_unlock(&shmem_swaplist_mutex);
+                       iput(inode);
+               }
                return 0;
        }