diff --git a/IPython/kernel/__init__.py b/IPython/kernel/__init__.py
index cd8d856..55e297c 100755
--- a/IPython/kernel/__init__.py
+++ b/IPython/kernel/__init__.py
@@ -22,4 +22,4 @@ __docformat__ = "restructuredtext en"
 #  the file COPYING, distributed as part of this software.
 #-----------------------------------------------------------------------------
 
-from IPython.kernel.error import TaskRejectError
\ No newline at end of file
+from IPython.kernel.error import TaskRejectError
diff --git a/IPython/kernel/error.py b/IPython/kernel/error.py
index 23f7cd8..b5f6d24 100644
--- a/IPython/kernel/error.py
+++ b/IPython/kernel/error.py
@@ -17,8 +17,6 @@ __test__ = {}
 #-------------------------------------------------------------------------------
 # Imports
 #-------------------------------------------------------------------------------
-from twisted.python import failure
-
 from IPython.kernel.core import error
 
 #-------------------------------------------------------------------------------
@@ -179,6 +177,8 @@ class CompositeError(KernelError):
             raise et, ev, etb
 
 def collect_exceptions(rlist, method):
+    from twisted.python import failure
+
     elist = []
     for r in rlist:
         if isinstance(r, failure.Failure):