diff --git a/qa/rpc-tests/listtransactions.py b/qa/rpc-tests/listtransactions.py
index 28764cd28..b48be9c73 100755
--- a/qa/rpc-tests/listtransactions.py
+++ b/qa/rpc-tests/listtransactions.py
@@ -95,6 +95,16 @@ class ListTransactionsTest(BitcoinTestFramework):
                            {"category":"receive","amount":Decimal("0.44")},
                            {"txid":txid, "account" : ""} )
 
+        multisig = self.nodes[1].createmultisig(1, [self.nodes[1].getnewaddress()])
+        self.nodes[0].importaddress(multisig["redeemScript"], "watchonly", False, True)
+        txid = self.nodes[1].sendtoaddress(multisig["address"], 0.1)
+        self.nodes[1].generate(1)
+        self.sync_all()
+        assert(len(self.nodes[0].listtransactions("watchonly", 100, 0, False)) == 0)
+        check_array_result(self.nodes[0].listtransactions("watchonly", 100, 0, True),
+                           {"category":"receive","amount":Decimal("0.1")},
+                           {"txid":txid, "account" : "watchonly"} )
+
 if __name__ == '__main__':
     ListTransactionsTest().main()
 
diff --git a/src/rpc/client.cpp b/src/rpc/client.cpp
index 8abc834aa..d7d48a567 100644
--- a/src/rpc/client.cpp
+++ b/src/rpc/client.cpp
@@ -89,6 +89,7 @@ static const CRPCConvertParam vRPCConvertParams[] =
     { "lockunspent", 1 },
     { "importprivkey", 2 },
     { "importaddress", 2 },
+    { "importaddress", 3 },
     { "verifychain", 0 },
     { "verifychain", 1 },
     { "keypoolrefill", 0 },
diff --git a/src/wallet/rpcdump.cpp b/src/wallet/rpcdump.cpp
index dbc786a3f..2c8b87c27 100644
--- a/src/wallet/rpcdump.cpp
+++ b/src/wallet/rpcdump.cpp
@@ -147,21 +147,28 @@ UniValue importprivkey(const UniValue& params, bool fHelp)
     return EncodeDestination(vchAddress);
 }
 
-void ImportScript(const CScript& script)
+void ImportAddress(const CTxDestination& dest, const string& strLabel);
+void ImportScript(const CScript& script, const string& strLabel, bool isRedeemScript)
 {
-    if (::IsMine(*pwalletMain, script) == ISMINE_SPENDABLE)
+    if (!isRedeemScript && ::IsMine(*pwalletMain, script) == ISMINE_SPENDABLE)
         throw JSONRPCError(RPC_WALLET_ERROR, "The wallet already contains the private key for this address or script");
 
     pwalletMain->MarkDirty();
 
     if (!pwalletMain->HaveWatchOnly(script) && !pwalletMain->AddWatchOnly(script))
         throw JSONRPCError(RPC_WALLET_ERROR, "Error adding address to wallet");
+
+    if (isRedeemScript) {
+        if (!pwalletMain->HaveCScript(script) && !pwalletMain->AddCScript(script))
+            throw JSONRPCError(RPC_WALLET_ERROR, "Error adding p2sh redeemScript to wallet");
+        ImportAddress(CScriptID(script), strLabel);
+    }
 }
 
 void ImportAddress(const CTxDestination& dest, const string& strLabel)
 {
     CScript script = GetScriptForDestination(dest);
-    ImportScript(script, false);
+    ImportScript(script, strLabel, false);
     // add to address book or update label
     if (IsValidDestination(dest))
         pwalletMain->SetAddressBook(dest, strLabel, "receive");
@@ -172,14 +179,15 @@ UniValue importaddress(const UniValue& params, bool fHelp)
     if (!EnsureWalletIsAvailable(fHelp))
         return NullUniValue;
     
-    if (fHelp || params.size() < 1 || params.size() > 3)
+    if (fHelp || params.size() < 1 || params.size() > 4)
         throw runtime_error(
-            "importaddress \"address\" ( \"label\" rescan )\n"
+            "importaddress \"address\" ( \"label\" rescan p2sh )\n"
             "\nAdds an address or script (in hex) that can be watched as if it were in your wallet but cannot be used to spend.\n"
             "\nArguments:\n"
             "1. \"address\"          (string, required) The address\n"
             "2. \"label\"            (string, optional, default=\"\") An optional label\n"
             "3. rescan               (boolean, optional, default=true) Rescan the wallet for transactions\n"
+            "4. p2sh                 (boolean, optional, default=false) Add the P2SH version of the script as well\n"
             "\nNote: This call can take minutes to complete if rescan is true.\n"
             "\nExamples:\n"
             "\nImport an address with rescan\n"
@@ -202,15 +210,22 @@ UniValue importaddress(const UniValue& params, bool fHelp)
     if (params.size() > 2)
         fRescan = params[2].get_bool();
 
+    // Whether to import a p2sh version, too
+    bool fP2SH = false;
+    if (params.size() > 3)
+        fP2SH = params[3].get_bool();
 
     LOCK2(cs_main, pwalletMain->cs_wallet);
 
     CTxDestination dest = DecodeDestination(params[0].get_str());
     if (IsValidDestination(dest)) {
+        if (fP2SH) {
+            throw JSONRPCError(RPC_INVALID_ADDRESS_OR_KEY, "Cannot use the p2sh flag with an address - use a script instead");
+        }
         ImportAddress(dest, strLabel);
     } else if (IsHex(params[0].get_str())) {
         std::vector<unsigned char> data(ParseHex(params[0].get_str()));
-        ImportScript(CScript(data.begin(), data.end()));
+        ImportScript(CScript(data.begin(), data.end()), strLabel, fP2SH);
     } else {
         throw JSONRPCError(RPC_INVALID_ADDRESS_OR_KEY, "Invalid Zcash address or script");
     }