diff --git a/railties/CHANGELOG b/railties/CHANGELOG
index 9cf4f6c10c..7569e31edd 100644
--- a/railties/CHANGELOG
+++ b/railties/CHANGELOG
@@ -1,5 +1,7 @@
 *SVN*
 
+* Make the db_schema_dump task honor the SCHEMA environment variable if present the way db_schema_import does. #2931. [Blair Zajac]
+
 * Have the lighttpd server script report the actual ip to which the server is bound. #2903. [Adam]
 
 * Add plugin library directories to the load path after the lib directory so that libraries in the lib directory get precedence. #2910. [james.adam@gmail.com]
diff --git a/railties/lib/tasks/databases.rake b/railties/lib/tasks/databases.rake
index f9fa722579..7f7d9d02a2 100644
--- a/railties/lib/tasks/databases.rake
+++ b/railties/lib/tasks/databases.rake
@@ -16,7 +16,7 @@ end
 desc "Create a db/schema.rb file that can be portably used against any DB supported by AR."
 task :db_schema_dump => :environment do
   require 'active_record/schema_dumper'
-  File.open("db/schema.rb", "w") do |file|
+  File.open(ENV['SCHEMA'] || "db/schema.rb", "w") do |file|
     ActiveRecord::SchemaDumper.dump(ActiveRecord::Base.connection, file)
   end
 end