diff --git a/compiler/fndb.lisp b/compiler/fndb.lisp
index b3f1950cd3e84a54114b0d4f69feed9db983b5c0..985ce24678387a53c4d02193d230af88c1321301 100644
--- a/compiler/fndb.lisp
+++ b/compiler/fndb.lisp
@@ -1116,7 +1116,7 @@
 
 (defknown load
   ((or filename stream)
-   &key (:verbose t) (:print t) (:if-does-not-exist (member :error :create nil))
+   &key (:verbose t) (:print t) (:if-does-not-exist (member :error nil))
    (:if-source-newer (member :load-source :load-object :query :compile))
    (:contents (or null (member :source :binary)))
    (:external-format t))