Index: source/blender/editors/space_view3d/view3d_edit.c
===================================================================
--- source/blender/editors/space_view3d/view3d_edit.c	(revision 43573)
+++ source/blender/editors/space_view3d/view3d_edit.c	(working copy)
@@ -73,6 +73,7 @@
 #include "ED_transform.h"
 #include "ED_mesh.h"
 #include "ED_view3d.h"
+#include "ED_object.h"
 
 
 #include "PIL_time.h" /* smoothview */
@@ -426,7 +427,17 @@
 
 	if (vod->use_dyn_ofs) {
 		/* If there's no selection, lastofs is unmodified and last value since static */
-		calculateTransformCenter(C, V3D_CENTROID, lastofs);
+		//calculateTransformCenter(C, V3D_CENTROID, lastofs);
+		Object *ob= ED_object_active_context(C);
+		if(ob) {
+			float min[3];
+			float max[3];
+			INIT_MINMAX(min, max);
+			minmax_object(ob, min, max);
+			lastofs[0]= (min[0] + max[0]) / 2;
+			lastofs[1]= (min[1] + max[1]) / 2;
+			lastofs[2]= (min[2] + max[2]) / 2;
+		}
 		negate_v3_v3(vod->dyn_ofs, lastofs);
 	}
 	else if (U.uiflag & USER_ORBIT_ZBUF) {