diff --git a/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs b/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
index 44cd7496..cef54af8 100644
--- a/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
+++ b/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
@@ -41,5 +41,5 @@ using System.Runtime.InteropServices;
 // by using the '*' as shown below:
 [assembly: AssemblyVersion("4.0.2.0")]
 #if !PocketPC
-[assembly: AssemblyFileVersion("4.0.2.14001")]
+[assembly: AssemblyFileVersion("4.0.2.14002")]
 #endif
diff --git a/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs b/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
index 3bc15e63..83ed3f26 100644
--- a/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
+++ b/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
@@ -4641,5 +4641,48 @@ keyword such as type of business.""
   ""BaseClassValue"": ""BaseClassValue!""
 }", json);
     }
+
+    public class PrivateMembersClassWithAttributes
+    {
+      public PrivateMembersClassWithAttributes(string privateString, string internalString, string readonlyString)
+      {
+        _privateString = privateString;
+        _readonlyString = readonlyString;
+        _internalString = internalString;
+      }
+
+      public PrivateMembersClassWithAttributes()
+      {
+        _readonlyString = "default!";
+      }
+
+      [JsonProperty]
+      private string _privateString;
+      [JsonProperty]
+      private readonly string _readonlyString;
+      [JsonProperty]
+      internal string _internalString;
+
+      public string UseValue()
+      {
+        return _readonlyString;
+      }
+    }
+
+    [Test]
+    public void PrivateMembersClassWithAttributesTest()
+    {
+      PrivateMembersClassWithAttributes c1 = new PrivateMembersClassWithAttributes("privateString!", "internalString!", "readonlyString!");
+
+      string json = JsonConvert.SerializeObject(c1, Formatting.Indented);
+      Assert.AreEqual(@"{
+  ""_privateString"": ""privateString!"",
+  ""_readonlyString"": ""readonlyString!"",
+  ""_internalString"": ""internalString!""
+}", json);
+
+      PrivateMembersClassWithAttributes c2 = JsonConvert.DeserializeObject<PrivateMembersClassWithAttributes>(json);
+      Assert.AreEqual("readonlyString!", c2.UseValue());
+    }
   }
 }
\ No newline at end of file
diff --git a/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs b/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
index 85d5dfa4..a1c9d631 100644
--- a/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
+++ b/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
@@ -110,7 +110,7 @@ using System.Security;
 // by using the '*' as shown below:
 [assembly: AssemblyVersion("4.0.2.0")]
 #if !PocketPC
-[assembly: AssemblyFileVersion("4.0.2.14001")]
+[assembly: AssemblyFileVersion("4.0.2.14002")]
 #endif
 
 [assembly: CLSCompliant(true)]
diff --git a/Src/Newtonsoft.Json/Serialization/DefaultContractResolver.cs b/Src/Newtonsoft.Json/Serialization/DefaultContractResolver.cs
index f05edcd1..12962617 100644
--- a/Src/Newtonsoft.Json/Serialization/DefaultContractResolver.cs
+++ b/Src/Newtonsoft.Json/Serialization/DefaultContractResolver.cs
@@ -367,7 +367,8 @@ namespace Newtonsoft.Json.Serialization
       property.PropertyType = parameterInfo.ParameterType;
 
       bool allowNonPublicAccess;
-      SetPropertySettingsFromAttributes(property, parameterInfo, parameterInfo.Name, parameterInfo.Member.DeclaringType, MemberSerialization.OptOut, out allowNonPublicAccess);
+      bool hasExplicitAttribute;
+      SetPropertySettingsFromAttributes(property, parameterInfo, parameterInfo.Name, parameterInfo.Member.DeclaringType, MemberSerialization.OptOut, out allowNonPublicAccess, out hasExplicitAttribute);
 
       property.Readable = false;
       property.Writable = true;
@@ -783,10 +784,11 @@ namespace Newtonsoft.Json.Serialization
       property.ValueProvider = CreateMemberValueProvider(member);
 
       bool allowNonPublicAccess;
-      SetPropertySettingsFromAttributes(property, member, member.Name, member.DeclaringType, memberSerialization, out allowNonPublicAccess);
+      bool hasExplicitAttribute;
+      SetPropertySettingsFromAttributes(property, member, member.Name, member.DeclaringType, memberSerialization, out allowNonPublicAccess, out hasExplicitAttribute);
 
       property.Readable = ReflectionUtils.CanReadMemberValue(member, allowNonPublicAccess);
-      property.Writable = ReflectionUtils.CanSetMemberValue(member, allowNonPublicAccess);
+      property.Writable = ReflectionUtils.CanSetMemberValue(member, allowNonPublicAccess, hasExplicitAttribute);
       property.ShouldSerialize = CreateShouldSerializeTest(member);
 
       SetIsSpecifiedActions(property, member);
@@ -794,8 +796,10 @@ namespace Newtonsoft.Json.Serialization
       return property;
     }
 
-    private void SetPropertySettingsFromAttributes(JsonProperty property, ICustomAttributeProvider attributeProvider, string name, Type declaringType, MemberSerialization memberSerialization, out bool allowNonPublicAccess)
+    private void SetPropertySettingsFromAttributes(JsonProperty property, ICustomAttributeProvider attributeProvider, string name, Type declaringType, MemberSerialization memberSerialization, out bool allowNonPublicAccess, out bool hasExplicitAttribute)
     {
+      hasExplicitAttribute = false;
+
 #if !PocketPC && !NET20
       DataContractAttribute dataContractAttribute = JsonTypeReflector.GetDataContractAttribute(declaringType);
 
@@ -807,6 +811,9 @@ namespace Newtonsoft.Json.Serialization
 #endif
 
       JsonPropertyAttribute propertyAttribute = JsonTypeReflector.GetAttribute<JsonPropertyAttribute>(attributeProvider);
+      if (propertyAttribute != null)
+        hasExplicitAttribute = true;
+
       bool hasIgnoreAttribute = (JsonTypeReflector.GetAttribute<JsonIgnoreAttribute>(attributeProvider) != null);
 
       string mappedName;
@@ -859,9 +866,13 @@ namespace Newtonsoft.Json.Serialization
         allowNonPublicAccess = true;
       if (propertyAttribute != null)
         allowNonPublicAccess = true;
+
 #if !PocketPC && !NET20
       if (dataMemberAttribute != null)
+      {
         allowNonPublicAccess = true;
+        hasExplicitAttribute = true;
+      }
 #endif
     }
 
diff --git a/Src/Newtonsoft.Json/Utilities/ReflectionUtils.cs b/Src/Newtonsoft.Json/Utilities/ReflectionUtils.cs
index bf7a0b6a..1f4ea291 100644
--- a/Src/Newtonsoft.Json/Utilities/ReflectionUtils.cs
+++ b/Src/Newtonsoft.Json/Utilities/ReflectionUtils.cs
@@ -626,17 +626,18 @@ namespace Newtonsoft.Json.Utilities
     /// </summary>
     /// <param name="member">The MemberInfo to determine whether can be set.</param>
     /// <param name="nonPublic">if set to <c>true</c> then allow the member to be set non-publicly.</param>
+    /// <param name="canSetReadOnly">if set to <c>true</c> then allow the member to be set if read-only.</param>
     /// <returns>
     /// 	<c>true</c> if the specified MemberInfo can be set; otherwise, <c>false</c>.
     /// </returns>
-    public static bool CanSetMemberValue(MemberInfo member, bool nonPublic)
+    public static bool CanSetMemberValue(MemberInfo member, bool nonPublic, bool canSetReadOnly)
     {
       switch (member.MemberType)
       {
         case MemberTypes.Field:
           FieldInfo fieldInfo = (FieldInfo)member;
 
-          if (fieldInfo.IsInitOnly)
+          if (fieldInfo.IsInitOnly && !canSetReadOnly)
             return false;
           if (nonPublic)
             return true;