diff --git a/lib/paper_trail/has_paper_trail.rb b/lib/paper_trail/has_paper_trail.rb
index d9866a18..e5ad547e 100644
--- a/lib/paper_trail/has_paper_trail.rb
+++ b/lib/paper_trail/has_paper_trail.rb
@@ -109,9 +109,15 @@ module PaperTrail
 
       def record_update
         if switched_on? && changed_notably?
-          versions.build merge_metadata(:event     => 'update',
-                                        :object    => object_to_string(item_before_change),
-                                        :whodunnit => PaperTrail.whodunnit)
+          data = {
+            :event     => 'update',
+            :object    => object_to_string(item_before_change),
+            :whodunnit => PaperTrail.whodunnit
+          }
+
+          data[:object_changes] = self.changes.to_yaml if Version.method_defined? :object_changes
+
+          versions.build merge_metadata(data)
         end
       end
 
diff --git a/test/dummy/db/migrate/20110208155312_set_up_test_tables.rb b/test/dummy/db/migrate/20110208155312_set_up_test_tables.rb
index a6de6262..df02a716 100644
--- a/test/dummy/db/migrate/20110208155312_set_up_test_tables.rb
+++ b/test/dummy/db/migrate/20110208155312_set_up_test_tables.rb
@@ -21,6 +21,7 @@ class SetUpTestTables < ActiveRecord::Migration
       t.string   :event,     :null => false
       t.string   :whodunnit
       t.text     :object
+      t.text     :object_changes
       t.datetime :created_at
 
       # Metadata columns.
@@ -34,7 +35,7 @@ class SetUpTestTables < ActiveRecord::Migration
       t.string :user_agent
     end
     add_index :versions, [:item_type, :item_id]
-    
+
     create_table :post_versions, :force => true do |t|
       t.string   :item_type, :null => false
       t.integer  :item_id,   :null => false
diff --git a/test/dummy/db/test.sqlite3 b/test/dummy/db/test.sqlite3
index 3d65e32c..e499d270 100644
Binary files a/test/dummy/db/test.sqlite3 and b/test/dummy/db/test.sqlite3 differ
diff --git a/test/unit/model_test.rb b/test/unit/model_test.rb
index a05cbcbf..24a60e05 100644
--- a/test/unit/model_test.rb
+++ b/test/unit/model_test.rb
@@ -97,6 +97,10 @@ class HasPaperTrailModelTest < ActiveSupport::TestCase
           assert @widget.versions.map(&:reify).compact.all? { |w| !w.live? }
         end
 
+        should 'have stored changes' do
+          assert_equal ({'name' => ['Henry', 'Harry']}), YAML::load(@widget.versions.last.object_changes)
+        end
+
         if defined?(ActiveRecord::IdentityMap) && ActiveRecord::IdentityMap.respond_to?(:without)
           should 'not clobber the IdentityMap when reifying' do
             module ActiveRecord::IdentityMap
@@ -118,7 +122,7 @@ class HasPaperTrailModelTest < ActiveSupport::TestCase
           setup do
             @wotsit = @widget.create_wotsit :name => 'John'
           end
-          
+
           should 'not copy the has_one association by default when reifying' do
             reified_widget = @widget.versions.last.reify
             assert_equal @wotsit, reified_widget.wotsit  # association hasn't been affected by reifying