diff --git a/mysql-test/r/rpl_drop_temp.result b/mysql-test/r/rpl_drop_temp.result
index fff179d7056..48a21b1702b 100644
--- a/mysql-test/r/rpl_drop_temp.result
+++ b/mysql-test/r/rpl_drop_temp.result
@@ -18,3 +18,17 @@ show status like 'Slave_open_temp_tables';
 Variable_name	Value
 Slave_open_temp_tables	0
 drop database mysqltest;
+DROP TEMPORARY TABLE IF EXISTS tmp1;
+Warnings:
+Note	1051	Unknown table 'tmp1'
+CREATE TEMPORARY TABLE t1 ( a int );
+DROP TEMPORARY TABLE t1, t2;
+ERROR 42S02: Unknown table 't2'
+DROP TEMPORARY TABLE tmp2;
+ERROR 42S02: Unknown table 'tmp2'
+stop slave;
+**** On Master ****
+CREATE TEMPORARY TABLE tmp3 (a int);
+DROP TEMPORARY TABLE tmp3;
+SET GLOBAL SQL_SLAVE_SKIP_COUNTER=1;
+START SLAVE;
diff --git a/mysql-test/t/rpl_drop_temp.test b/mysql-test/t/rpl_drop_temp.test
index c22bcbe63d0..c2dc8b0ea49 100644
--- a/mysql-test/t/rpl_drop_temp.test
+++ b/mysql-test/t/rpl_drop_temp.test
@@ -20,5 +20,38 @@ connection slave;
 show status like 'Slave_open_temp_tables';
 connection master;
 drop database mysqltest;
+sync_slave_with_master;
+
+#
+# Bug#49137
+# This test verifies if DROP MULTI TEMPORARY TABLE 
+# will cause different errors on master and slave, 
+# when one or more of these tables do not exist. 
+#
+
+connection master;
+DROP TEMPORARY TABLE IF EXISTS tmp1;
+CREATE TEMPORARY TABLE t1 ( a int );
+--error 1051
+DROP TEMPORARY TABLE t1, t2;
+--error 1051
+DROP TEMPORARY TABLE tmp2;
+sync_slave_with_master;
+
+connection slave;
+stop slave;
+wait_for_slave_to_stop;
+
+--echo **** On Master ****
+connection master;
+CREATE TEMPORARY TABLE tmp3 (a int);
+DROP TEMPORARY TABLE tmp3;
+
+connection slave;
+SET GLOBAL SQL_SLAVE_SKIP_COUNTER=1;
+START SLAVE;
+
+connection master;
+sync_slave_with_master;
 
 # End of 4.1 tests
diff --git a/sql/log_event.cc b/sql/log_event.cc
index 40e29e58ab6..35d53c4fede 100644
--- a/sql/log_event.cc
+++ b/sql/log_event.cc
@@ -2103,7 +2103,17 @@ START SLAVE; . Query: '%s'", expected_error, thd->query);
 
 compare_errors:
 
-     /*
+    /*
+      In the slave thread, we may sometimes execute some DROP / * 40005
+      TEMPORARY * / TABLE that come from parts of binlogs (likely if we
+      use RESET SLAVE or CHANGE MASTER TO), while the temporary table
+      has already been dropped. To ignore such irrelevant "table does
+      not exist errors", we silently clear the error if TEMPORARY was used.
+    */
+    if (thd->lex->drop_temporary &&
+        thd->net.last_errno == ER_BAD_TABLE_ERROR && !expected_error)
+      thd->clear_error();
+    /*
       If we expected a non-zero error code, and we don't get the same error
       code, and none of them should be ignored.
     */
diff --git a/sql/sql_parse.cc b/sql/sql_parse.cc
index 48df40f2614..61c2d70a563 100644
--- a/sql/sql_parse.cc
+++ b/sql/sql_parse.cc
@@ -4038,17 +4038,6 @@ end_with_restore_list:
     }
     else
     {
-      /*
-	If this is a slave thread, we may sometimes execute some 
-	DROP / * 40005 TEMPORARY * / TABLE
-	that come from parts of binlogs (likely if we use RESET SLAVE or CHANGE
-	MASTER TO), while the temporary table has already been dropped.
-	To not generate such irrelevant "table does not exist errors",
-	we silently add IF EXISTS if TEMPORARY was used.
-      */
-      if (thd->slave_thread)
-        lex->drop_if_exists= 1;
-
       /* So that DROP TEMPORARY TABLE gets to binlog at commit/rollback */
       thd->transaction.all.modified_non_trans_table= TRUE;
     }