diff --git a/doc/ChangeLog b/doc/ChangeLog
index 0339550..d4eb2a9 100644
--- a/doc/ChangeLog
+++ b/doc/ChangeLog
@@ -3,6 +3,9 @@
 	* ipmaker.py: more informative message when ipy_user_conf
 	import fails (suggest running %upgrade).
 	
+	* tools/run_ipy_in_profiler.py: Utility to see where
+	the time during IPython startup is spent.
+	
 2006-12-20  Ville Vainio  <vivainio@gmail.com>
 
 	* 0.7.3 is out - merge all from 0.7.3 branch to trunk
diff --git a/tools/run_ipy_in_profiler.py b/tools/run_ipy_in_profiler.py
new file mode 100644
index 0000000..bcd0ef7
--- /dev/null
+++ b/tools/run_ipy_in_profiler.py
@@ -0,0 +1,16 @@
+import cProfile as profile
+import sys
+#import profile
+
+def main():
+    import IPython.ipapi
+    print "Entering ipython for profiling. Type 'Exit' for profiler report"
+    IPython.ipapi.launch_new_instance()
+
+if len(sys.argv) == 1:   
+    profile.run('main()', 'ipython_profiler_results')
+
+import pstats
+p = pstats.Stats(len(sys.argv) >1 and sys.argv[1] or 'ipython_profiler_results')
+p.sort_stats('time').print_stats(30)
+