diff --git a/src/lj_record.c b/src/lj_record.c
index faa9a508..9c85f9f7 100644
--- a/src/lj_record.c
+++ b/src/lj_record.c
@@ -1961,7 +1961,7 @@ static void rec_varg(jit_State *J, BCReg dst, ptrdiff_t nresults)
 	  emitir(IRTGI(IR_EQ), fr,
 		 lj_ir_kint(J, (int32_t)frame_ftsz(J->L->base-1)));
 	vbase = emitir(IRT(IR_SUB, IRT_IGC), REF_BASE, fr);
-	vbase = emitir(IRT(IR_ADD, IRT_PGC), vbase, lj_ir_kint(J, frofs-8));
+	vbase = emitir(IRT(IR_ADD, IRT_PGC), vbase, lj_ir_kint(J, frofs-8*(1+LJ_FR2)));
 	for (i = 0; i < nload; i++) {
 	  IRType t = itype2irt(&J->L->base[i-1-LJ_FR2-nvararg]);
 	  J->base[dst+i] = lj_record_vload(J, vbase, i, t);