--- irssi-0.8.12/src/irc/core/irc.c 
+++ patch/src/irc/core/irc.c 
@@ -283,6 +283,7 @@
         const char *signal;
 	char *event, *args;
 	char *params, *target, *recoded_line, *recoded_nick;
+	char isChannel=0;
 
 	g_return_if_fail(line != NULL);
 
@@ -290,11 +291,17 @@
 	recoded_nick = recode_in(SERVER(server), nick, NULL);
 	if (ischannel(*args) ||
 	    (*args++ == '@' && ischannel(*args)))
+	{
 		target = args;
+		isChannel=1;
+	}
 	else {
 		target = recoded_nick;
 	}
-	recoded_line = recode_in(SERVER(server), line, target);
+	if(isChannel == 0)
+		recoded_line = recode_in(SERVER(server), line, target);
+	else
+		recoded_line=g_strdup(line);
 	/* split event / args */
 	event = g_strconcat("event ", recoded_line, NULL);
 	args = strchr(event+6, ' ');