diff --git a/src/documentation/content/xdocs/status.xml b/src/documentation/content/xdocs/status.xml
index a5e467040..fe9ac0bd4 100644
--- a/src/documentation/content/xdocs/status.xml
+++ b/src/documentation/content/xdocs/status.xml
@@ -34,6 +34,7 @@
 
     <changes>
         <release version="3.8-beta1" date="2010-??-??">
+           <action dev="POI-DEVELOPERS" type="fix">50246 - Properly position GutsRecord when reading HSSF workbooks</action>
            <action dev="POI-DEVELOPERS" type="add">48539 - Added implementation for MROUND(), VAR() and VARP()</action>
            <action dev="POI-DEVELOPERS" type="add">50446 - Code cleanup and optimizations to keep some IDE quiet</action>
            <action dev="POI-DEVELOPERS" type="add">50437 - Support passing ranges to NPV()</action>
diff --git a/src/java/org/apache/poi/hssf/model/RecordOrderer.java b/src/java/org/apache/poi/hssf/model/RecordOrderer.java
index b7d942e5d..764d5a511 100644
--- a/src/java/org/apache/poi/hssf/model/RecordOrderer.java
+++ b/src/java/org/apache/poi/hssf/model/RecordOrderer.java
@@ -417,6 +417,7 @@ final class RecordOrderer {
 			case ObjRecord.sid:
 			case TextObjectRecord.sid:
 
+            case GutsRecord.sid:   // see Bugzilla 50426
 			case WindowOneRecord.sid:
 				// should really be part of workbook stream, but some apps seem to put this before WINDOW2
 			case WindowTwoRecord.sid:
diff --git a/src/testcases/org/apache/poi/hssf/usermodel/TestBugs.java b/src/testcases/org/apache/poi/hssf/usermodel/TestBugs.java
index 288479ac6..cb7cdbd1f 100644
--- a/src/testcases/org/apache/poi/hssf/usermodel/TestBugs.java
+++ b/src/testcases/org/apache/poi/hssf/usermodel/TestBugs.java
@@ -1894,4 +1894,9 @@ if(1==2) {
        HSSFWorkbook wb = openSample("50020.xls");
        writeOutAndReadBack(wb);
     }
+
+    public void test50426() throws Exception {
+       HSSFWorkbook wb = openSample("50426.xls");
+       writeOutAndReadBack(wb);
+    }
 }
diff --git a/test-data/spreadsheet/50426.xls b/test-data/spreadsheet/50426.xls
new file mode 100644
index 000000000..1a807f854
Binary files /dev/null and b/test-data/spreadsheet/50426.xls differ