diff --git a/spring-context/src/main/java/org/springframework/context/annotation/ConfigurationClassParser.java b/spring-context/src/main/java/org/springframework/context/annotation/ConfigurationClassParser.java
index a7f9cee508..0d1fb29713 100644
--- a/spring-context/src/main/java/org/springframework/context/annotation/ConfigurationClassParser.java
+++ b/spring-context/src/main/java/org/springframework/context/annotation/ConfigurationClassParser.java
@@ -310,9 +310,9 @@ class ConfigurationClassParser {
 			throw new IllegalArgumentException("At least one @PropertySource(value) location is required");
 		}
 		for (String location : locations) {
-			Resource resource = this.resourceLoader.getResource(
-					this.environment.resolveRequiredPlaceholders(location));
 			try {
+				Resource resource = this.resourceLoader.getResource(
+						this.environment.resolveRequiredPlaceholders(location));
 				if (!StringUtils.hasText(name) || this.propertySources.containsKey(name)) {
 					// We need to ensure unique names when the property source will
 					// ultimately end up in a composite
@@ -323,7 +323,14 @@ class ConfigurationClassParser {
 					this.propertySources.add(name, new ResourcePropertySource(name, resource));
 				}
 			}
+			catch (IllegalArgumentException ex) {
+				// from resolveRequiredPlaceholders
+				if (!ignoreResourceNotFound) {
+					throw ex;
+				}
+			}
 			catch (FileNotFoundException ex) {
+				// from ResourcePropertySource constructor
 				if (!ignoreResourceNotFound) {
 					throw ex;
 				}
diff --git a/spring-context/src/test/java/org/springframework/context/annotation/PropertySourceAnnotationTests.java b/spring-context/src/test/java/org/springframework/context/annotation/PropertySourceAnnotationTests.java
index ec5bca2aff..0776c80153 100644
--- a/spring-context/src/test/java/org/springframework/context/annotation/PropertySourceAnnotationTests.java
+++ b/spring-context/src/test/java/org/springframework/context/annotation/PropertySourceAnnotationTests.java
@@ -1,5 +1,5 @@
 /*
- * Copyright 2002-2013 the original author or authors.
+ * Copyright 2002-2014 the original author or authors.
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
  * you may not use this file except in compliance with the License.
@@ -18,12 +18,12 @@ package org.springframework.context.annotation;
 
 import java.io.FileNotFoundException;
 import java.util.Iterator;
-
 import javax.inject.Inject;
 
 import org.junit.Rule;
 import org.junit.Test;
 import org.junit.rules.ExpectedException;
+
 import org.springframework.beans.factory.BeanDefinitionStoreException;
 import org.springframework.core.env.Environment;
 import org.springframework.core.env.MutablePropertySources;
@@ -250,6 +250,7 @@ public class PropertySourceAnnotationTests {
 	static class ConfigWithNameAndMultipleResourceLocations {
 	}
 
+
 	@Configuration
 	@PropertySource(
 			value = {
@@ -268,6 +269,7 @@ public class PropertySourceAnnotationTests {
 	static class ConfigWithPropertySources {
 	}
 
+
 	@Configuration
 	@PropertySources({
 		@PropertySource(name = "psName", value="classpath:org/springframework/context/annotation/p1.properties"),
@@ -282,13 +284,16 @@ public class PropertySourceAnnotationTests {
 	@PropertySources({
 		@PropertySource(name = "psName", value="classpath:org/springframework/context/annotation/p1.properties"),
 		@PropertySource(name = "psName", value="classpath:org/springframework/context/annotation/missing.properties", ignoreResourceNotFound=true),
+		@PropertySource(name = "psName", value="classpath:${myPath}/missing.properties", ignoreResourceNotFound=true),
 		@PropertySource(name = "psName", value="classpath:org/springframework/context/annotation/p2.properties")
 	})
 	static class ConfigWithIgnoredPropertySource {
 	}
 
+
 	@Configuration
 	@PropertySource(value = {})
 	static class ConfigWithEmptyResourceLocations {
 	}
+
 }