diff --git a/compiler/frontend.java/src/org/jetbrains/jet/lang/resolve/kotlin/VirtualFileKotlinClass.java b/compiler/frontend.java/src/org/jetbrains/jet/lang/resolve/kotlin/VirtualFileKotlinClass.java
index 2027f47f8ed..0d36523d3da 100644
--- a/compiler/frontend.java/src/org/jetbrains/jet/lang/resolve/kotlin/VirtualFileKotlinClass.java
+++ b/compiler/frontend.java/src/org/jetbrains/jet/lang/resolve/kotlin/VirtualFileKotlinClass.java
@@ -141,7 +141,7 @@ public class VirtualFileKotlinClass implements KotlinJvmBinaryClass {
 
                 @Override
                 public MethodVisitor visitMethod(int access, String name, String desc, String signature, String[] exceptions) {
-                    final AnnotationVisitor v = memberVisitor.visitMethod(Name.guess(name), desc);
+                    final MethodAnnotationVisitor v = memberVisitor.visitMethod(Name.guess(name), desc);
                     if (v == null) return null;
 
                     return new MethodVisitor(ASM4) {
@@ -150,6 +150,12 @@ public class VirtualFileKotlinClass implements KotlinJvmBinaryClass {
                             return convertAnnotationVisitor(v, desc);
                         }
 
+                        @Override
+                        public org.jetbrains.asm4.AnnotationVisitor visitParameterAnnotation(int parameter, String desc, boolean visible) {
+                            AnnotationArgumentVisitor av = v.visitParameterAnnotation(parameter, classNameFromAsmDesc(desc));
+                            return av == null ? null : convertAnnotationVisitor(av);
+                        }
+
                         @Override
                         public void visitEnd() {
                             v.visitEnd();
diff --git a/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/DescriptorDeserializer.java b/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/DescriptorDeserializer.java
index 36532caa87d..b114f30d3f6 100644
--- a/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/DescriptorDeserializer.java
+++ b/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/DescriptorDeserializer.java
@@ -237,7 +237,7 @@ public class DescriptorDeserializer {
                 local.typeDeserializer.typeOrNull(proto.hasReceiverType() ? proto.getReceiverType() : null),
                 getExpectedThisObject(),
                 typeParameters,
-                local.valueParameters(proto.getValueParameterList()),
+                local.valueParameters(proto),
                 local.typeDeserializer.type(proto.getReturnType()),
                 modality(Flags.MODALITY.get(flags)),
                 visibility(Flags.VISIBILITY.get(flags)),
@@ -265,7 +265,7 @@ public class DescriptorDeserializer {
         DescriptorDeserializer local = createChildDeserializer(descriptor, Collections.<TypeParameter>emptyList(), typeParameters);
         descriptor.initialize(
                 classDescriptor.getTypeConstructor().getParameters(),
-                local.valueParameters(proto.getValueParameterList()),
+                local.valueParameters(proto),
                 visibility(Flags.VISIBILITY.get(proto.getFlags())),
                 DescriptorUtils.isConstructorOfStaticNestedClass(descriptor)
         );
@@ -384,29 +384,37 @@ public class DescriptorDeserializer {
     }
 
     @NotNull
-    private List<ValueParameterDescriptor> valueParameters(@NotNull List<Callable.ValueParameter> protos) {
+    private List<ValueParameterDescriptor> valueParameters(@NotNull Callable callable) {
+        DeclarationDescriptor containerOfCallable = containingDeclaration.getContainingDeclaration();
+        assert containerOfCallable instanceof ClassOrNamespaceDescriptor
+                : "Only members in classes or namespaces should be serialized: " + containerOfCallable;
+        ClassOrNamespaceDescriptor classOrNamespace = (ClassOrNamespaceDescriptor) containerOfCallable;
+
+        List<Callable.ValueParameter> protos = callable.getValueParameterList();
         List<ValueParameterDescriptor> result = new ArrayList<ValueParameterDescriptor>(protos.size());
         for (int i = 0; i < protos.size(); i++) {
             Callable.ValueParameter proto = protos.get(i);
-            result.add(valueParameter(proto, i));
+            result.add(new ValueParameterDescriptorImpl(
+                    containingDeclaration,
+                    i,
+                    getAnnotations(classOrNamespace, callable, proto),
+                    nameResolver.getName(proto.getName()),
+                    typeDeserializer.type(proto.getType()),
+                    Flags.DECLARES_DEFAULT_VALUE.get(proto.getFlags()),
+                    typeDeserializer.typeOrNull(proto.hasVarargElementType() ? proto.getVarargElementType() : null))
+            );
         }
         return result;
     }
 
-    private ValueParameterDescriptor valueParameter(Callable.ValueParameter proto, int index) {
-        return new ValueParameterDescriptorImpl(
-                containingDeclaration,
-                index,
-                getAnnotations(proto),
-                nameResolver.getName(proto.getName()),
-                typeDeserializer.type(proto.getType()),
-                Flags.DECLARES_DEFAULT_VALUE.get(proto.getFlags()),
-                typeDeserializer.typeOrNull(proto.hasVarargElementType() ? proto.getVarargElementType() : null));
-    }
-
-    private List<AnnotationDescriptor> getAnnotations(Callable.ValueParameter proto) {
-        return Flags.HAS_ANNOTATIONS.get(proto.getFlags())
-               ? annotationDeserializer.loadValueParameterAnnotations(proto)
+    @NotNull
+    private List<AnnotationDescriptor> getAnnotations(
+            @NotNull ClassOrNamespaceDescriptor classOrNamespace,
+            @NotNull Callable callable,
+            @NotNull Callable.ValueParameter valueParameter
+    ) {
+        return Flags.HAS_ANNOTATIONS.get(valueParameter.getFlags())
+               ? annotationDeserializer.loadValueParameterAnnotations(classOrNamespace, callable, nameResolver, valueParameter)
                : Collections.<AnnotationDescriptor>emptyList();
     }
 }
diff --git a/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/descriptors/AnnotationDeserializer.java b/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/descriptors/AnnotationDeserializer.java
index 9eff8676763..5fa07699c38 100644
--- a/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/descriptors/AnnotationDeserializer.java
+++ b/compiler/frontend/serialization/src/org/jetbrains/jet/descriptors/serialization/descriptors/AnnotationDeserializer.java
@@ -1,3 +1,19 @@
+/*
+ * Copyright 2010-2013 JetBrains s.r.o.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
 package org.jetbrains.jet.descriptors.serialization.descriptors;
 
 import org.jetbrains.annotations.NotNull;
@@ -30,7 +46,12 @@ public interface AnnotationDeserializer {
 
         @NotNull
         @Override
-        public List<AnnotationDescriptor> loadValueParameterAnnotations(@NotNull ProtoBuf.Callable.ValueParameter parameterProto) {
+        public List<AnnotationDescriptor> loadValueParameterAnnotations(
+                @NotNull ClassOrNamespaceDescriptor container,
+                @NotNull ProtoBuf.Callable callable,
+                @NotNull NameResolver nameResolver,
+                @NotNull ProtoBuf.Callable.ValueParameter proto
+        ) {
             return notSupported();
         }
 
@@ -59,5 +80,10 @@ public interface AnnotationDeserializer {
     );
 
     @NotNull
-    List<AnnotationDescriptor> loadValueParameterAnnotations(@NotNull ProtoBuf.Callable.ValueParameter parameterProto);
+    List<AnnotationDescriptor> loadValueParameterAnnotations(
+            @NotNull ClassOrNamespaceDescriptor container,
+            @NotNull ProtoBuf.Callable callable,
+            @NotNull NameResolver nameResolver,
+            @NotNull ProtoBuf.Callable.ValueParameter proto
+    );
 }
diff --git a/compiler/testData/loadKotlin/annotations/parameters/Constructor.kt b/compiler/testData/loadKotlin/annotations/parameters/Constructor.kt
new file mode 100644
index 00000000000..b0e0bfdc60b
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/Constructor.kt
@@ -0,0 +1,6 @@
+package test
+
+annotation class A
+annotation class B
+
+class Class([A] val x: Int, [B] y: String)
diff --git a/compiler/testData/loadKotlin/annotations/parameters/Constructor.txt b/compiler/testData/loadKotlin/annotations/parameters/Constructor.txt
new file mode 100644
index 00000000000..9d791272851
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/Constructor.txt
@@ -0,0 +1,15 @@
+package test
+
+internal final annotation class A : jet.Annotation {
+    /*primary*/ public constructor A()
+}
+
+internal final annotation class B : jet.Annotation {
+    /*primary*/ public constructor B()
+}
+
+internal final class Class {
+    /*primary*/ public constructor Class(/*0*/ test.A() x: jet.Int, /*1*/ test.B() y: jet.String)
+    test.A() internal final val x: jet.Int
+        internal final fun <get-x>(): jet.Int
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.kt b/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.kt
new file mode 100644
index 00000000000..12d28c6f6f7
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.kt
@@ -0,0 +1,6 @@
+package test
+
+annotation class A
+annotation class B
+
+enum class E([A] val x: String, [B] val y: Int)
diff --git a/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.txt b/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.txt
new file mode 100644
index 00000000000..8fdcb981de8
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.txt
@@ -0,0 +1,25 @@
+package test
+
+internal final annotation class A : jet.Annotation {
+    /*primary*/ public constructor A()
+}
+
+internal final annotation class B : jet.Annotation {
+    /*primary*/ public constructor B()
+}
+
+internal final enum class E : jet.Enum<test.E> {
+    /*primary*/ private constructor E(/*0*/ test.A() x: jet.String, /*1*/ test.B() y: jet.Int)
+    test.A() internal final val x: jet.String
+        internal final fun <get-x>(): jet.String
+    test.B() internal final val y: jet.Int
+        internal final fun <get-y>(): jet.Int
+    public final override /*1*/ /*fake_override*/ fun name(): jet.String
+    public final override /*1*/ /*fake_override*/ fun ordinal(): jet.Int
+    
+    internal class object <class-object-for-E> {
+        /*primary*/ private constructor <class-object-for-E>()
+        public final fun valueOf(/*0*/ value: jet.String): test.E
+        public final fun values(): jet.Array<test.E>
+    }
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.kt b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.kt
new file mode 100644
index 00000000000..232d2ea0e2e
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.kt
@@ -0,0 +1,5 @@
+package test
+
+annotation class A
+
+fun Int.foo([A] x: Int) {}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.txt b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.txt
new file mode 100644
index 00000000000..64ee1779d2e
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.txt
@@ -0,0 +1,7 @@
+package test
+
+internal fun jet.Int.foo(/*0*/ test.A() x: jet.Int): jet.Unit
+
+internal final annotation class A : jet.Annotation {
+    /*primary*/ public constructor A()
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.kt b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.kt
new file mode 100644
index 00000000000..55637c80d6c
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.kt
@@ -0,0 +1,7 @@
+package test
+
+annotation class Anno
+
+class Class {
+    fun String.foo([Anno] x: Int) = 42
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.txt b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.txt
new file mode 100644
index 00000000000..1f5dc2c9061
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.txt
@@ -0,0 +1,10 @@
+package test
+
+internal final annotation class Anno : jet.Annotation {
+    /*primary*/ public constructor Anno()
+}
+
+internal final class Class {
+    /*primary*/ public constructor Class()
+    internal final fun jet.String.foo(/*0*/ test.Anno() x: jet.Int): jet.Int
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.kt b/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.kt
new file mode 100644
index 00000000000..8b203adbe97
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.kt
@@ -0,0 +1,7 @@
+package test
+
+annotation class Anno
+
+class Class {
+    fun foo([Anno] x: String) {}
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.txt b/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.txt
new file mode 100644
index 00000000000..b98e8a524e2
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.txt
@@ -0,0 +1,10 @@
+package test
+
+internal final annotation class Anno : jet.Annotation {
+    /*primary*/ public constructor Anno()
+}
+
+internal final class Class {
+    /*primary*/ public constructor Class()
+    internal final fun foo(/*0*/ test.Anno() x: jet.String): jet.Unit
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.kt b/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.kt
new file mode 100644
index 00000000000..3613f71a2a7
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.kt
@@ -0,0 +1,7 @@
+package test
+
+annotation class Anno
+
+trait Trait {
+    fun foo([Anno] x: String) = 42
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.txt b/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.txt
new file mode 100644
index 00000000000..b5954ec6d62
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.txt
@@ -0,0 +1,9 @@
+package test
+
+internal final annotation class Anno : jet.Annotation {
+    /*primary*/ public constructor Anno()
+}
+
+internal trait Trait {
+    internal open fun foo(/*0*/ test.Anno() x: jet.String): jet.Int
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.kt b/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.kt
new file mode 100644
index 00000000000..8c66ee274ac
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.kt
@@ -0,0 +1,10 @@
+package test
+
+annotation class A
+annotation class B
+annotation class C
+annotation class D
+
+fun foo([A B] x: Int, [A C] y: Double, [B C D] z: String) {}
+
+fun bar([A B C D] x: Int) {}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.txt b/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.txt
new file mode 100644
index 00000000000..94149cbd629
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.txt
@@ -0,0 +1,20 @@
+package test
+
+internal fun bar(/*0*/ test.A() test.B() test.C() test.D() x: jet.Int): jet.Unit
+internal fun foo(/*0*/ test.A() test.B() x: jet.Int, /*1*/ test.A() test.C() y: jet.Double, /*2*/ test.B() test.C() test.D() z: jet.String): jet.Unit
+
+internal final annotation class A : jet.Annotation {
+    /*primary*/ public constructor A()
+}
+
+internal final annotation class B : jet.Annotation {
+    /*primary*/ public constructor B()
+}
+
+internal final annotation class C : jet.Annotation {
+    /*primary*/ public constructor C()
+}
+
+internal final annotation class D : jet.Annotation {
+    /*primary*/ public constructor D()
+}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.kt b/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.kt
new file mode 100644
index 00000000000..88763bbb386
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.kt
@@ -0,0 +1,5 @@
+package test
+
+annotation class Anno
+
+fun foo([Anno] x: Int) {}
diff --git a/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.txt b/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.txt
new file mode 100644
index 00000000000..5eb8fbc1d11
--- /dev/null
+++ b/compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.txt
@@ -0,0 +1,7 @@
+package test
+
+internal fun foo(/*0*/ test.Anno() x: jet.Int): jet.Unit
+
+internal final annotation class Anno : jet.Annotation {
+    /*primary*/ public constructor Anno()
+}
diff --git a/compiler/tests/org/jetbrains/jet/jvm/compiler/LoadCompiledKotlinTestGenerated.java b/compiler/tests/org/jetbrains/jet/jvm/compiler/LoadCompiledKotlinTestGenerated.java
index 90b7246382a..cfbac25cd03 100644
--- a/compiler/tests/org/jetbrains/jet/jvm/compiler/LoadCompiledKotlinTestGenerated.java
+++ b/compiler/tests/org/jetbrains/jet/jvm/compiler/LoadCompiledKotlinTestGenerated.java
@@ -38,7 +38,7 @@ public class LoadCompiledKotlinTestGenerated extends AbstractLoadCompiledKotlinT
     }
     
     @TestMetadata("compiler/testData/loadKotlin/annotations")
-    @InnerTestClasses({Annotations.ClassMembers.class, Annotations.Classes.class, Annotations.PackageMembers.class, Annotations.PropertiesWithoutBackingFields.class})
+    @InnerTestClasses({Annotations.ClassMembers.class, Annotations.Classes.class, Annotations.PackageMembers.class, Annotations.Parameters.class, Annotations.PropertiesWithoutBackingFields.class})
     public static class Annotations extends AbstractLoadCompiledKotlinTest {
         public void testAllFilesPresentInAnnotations() throws Exception {
             JetTestUtils.assertAllTestsPresentByMetadata(this.getClass(), "org.jetbrains.jet.generators.tests.GenerateTests", new File("compiler/testData/loadKotlin/annotations"), Pattern.compile("^(.+)\\.kt$"), true);
@@ -183,6 +183,54 @@ public class LoadCompiledKotlinTestGenerated extends AbstractLoadCompiledKotlinT
             
         }
         
+        @TestMetadata("compiler/testData/loadKotlin/annotations/parameters")
+        public static class Parameters extends AbstractLoadCompiledKotlinTest {
+            public void testAllFilesPresentInParameters() throws Exception {
+                JetTestUtils.assertAllTestsPresentByMetadata(this.getClass(), "org.jetbrains.jet.generators.tests.GenerateTests", new File("compiler/testData/loadKotlin/annotations/parameters"), Pattern.compile("^(.+)\\.kt$"), true);
+            }
+            
+            @TestMetadata("Constructor.kt")
+            public void testConstructor() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/Constructor.kt");
+            }
+            
+            @TestMetadata("EnumConstructor.kt")
+            public void testEnumConstructor() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.kt");
+            }
+            
+            @TestMetadata("ExtensionFunction.kt")
+            public void testExtensionFunction() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.kt");
+            }
+            
+            @TestMetadata("ExtensionFunctionInClass.kt")
+            public void testExtensionFunctionInClass() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.kt");
+            }
+            
+            @TestMetadata("FunctionInClass.kt")
+            public void testFunctionInClass() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.kt");
+            }
+            
+            @TestMetadata("FunctionInTrait.kt")
+            public void testFunctionInTrait() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.kt");
+            }
+            
+            @TestMetadata("ManyAnnotations.kt")
+            public void testManyAnnotations() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.kt");
+            }
+            
+            @TestMetadata("TopLevelFunction.kt")
+            public void testTopLevelFunction() throws Exception {
+                doTestWithAccessors("compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.kt");
+            }
+            
+        }
+        
         @TestMetadata("compiler/testData/loadKotlin/annotations/propertiesWithoutBackingFields")
         public static class PropertiesWithoutBackingFields extends AbstractLoadCompiledKotlinTest {
             public void testAllFilesPresentInPropertiesWithoutBackingFields() throws Exception {
@@ -237,6 +285,7 @@ public class LoadCompiledKotlinTestGenerated extends AbstractLoadCompiledKotlinT
             suite.addTestSuite(ClassMembers.class);
             suite.addTestSuite(Classes.class);
             suite.addTestSuite(PackageMembers.class);
+            suite.addTestSuite(Parameters.class);
             suite.addTestSuite(PropertiesWithoutBackingFields.class);
             return suite;
         }
diff --git a/compiler/tests/org/jetbrains/jet/lang/resolve/lazy/LazyResolveNamespaceComparingTestGenerated.java b/compiler/tests/org/jetbrains/jet/lang/resolve/lazy/LazyResolveNamespaceComparingTestGenerated.java
index 8b451f091c2..0ad3930d74e 100644
--- a/compiler/tests/org/jetbrains/jet/lang/resolve/lazy/LazyResolveNamespaceComparingTestGenerated.java
+++ b/compiler/tests/org/jetbrains/jet/lang/resolve/lazy/LazyResolveNamespaceComparingTestGenerated.java
@@ -40,7 +40,7 @@ public class LazyResolveNamespaceComparingTestGenerated extends AbstractLazyReso
         }
         
         @TestMetadata("compiler/testData/loadKotlin/annotations")
-        @InnerTestClasses({Annotations.ClassMembers.class, Annotations.Classes.class, Annotations.PackageMembers.class, Annotations.PropertiesWithoutBackingFields.class})
+        @InnerTestClasses({Annotations.ClassMembers.class, Annotations.Classes.class, Annotations.PackageMembers.class, Annotations.Parameters.class, Annotations.PropertiesWithoutBackingFields.class})
         public static class Annotations extends AbstractLazyResolveNamespaceComparingTest {
             public void testAllFilesPresentInAnnotations() throws Exception {
                 JetTestUtils.assertAllTestsPresentByMetadata(this.getClass(), "org.jetbrains.jet.generators.tests.GenerateTests", new File("compiler/testData/loadKotlin/annotations"), Pattern.compile("^(.+)\\.kt$"), true);
@@ -185,6 +185,54 @@ public class LazyResolveNamespaceComparingTestGenerated extends AbstractLazyReso
                 
             }
             
+            @TestMetadata("compiler/testData/loadKotlin/annotations/parameters")
+            public static class Parameters extends AbstractLazyResolveNamespaceComparingTest {
+                public void testAllFilesPresentInParameters() throws Exception {
+                    JetTestUtils.assertAllTestsPresentByMetadata(this.getClass(), "org.jetbrains.jet.generators.tests.GenerateTests", new File("compiler/testData/loadKotlin/annotations/parameters"), Pattern.compile("^(.+)\\.kt$"), true);
+                }
+                
+                @TestMetadata("Constructor.kt")
+                public void testConstructor() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/Constructor.kt");
+                }
+                
+                @TestMetadata("EnumConstructor.kt")
+                public void testEnumConstructor() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/EnumConstructor.kt");
+                }
+                
+                @TestMetadata("ExtensionFunction.kt")
+                public void testExtensionFunction() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/ExtensionFunction.kt");
+                }
+                
+                @TestMetadata("ExtensionFunctionInClass.kt")
+                public void testExtensionFunctionInClass() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/ExtensionFunctionInClass.kt");
+                }
+                
+                @TestMetadata("FunctionInClass.kt")
+                public void testFunctionInClass() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/FunctionInClass.kt");
+                }
+                
+                @TestMetadata("FunctionInTrait.kt")
+                public void testFunctionInTrait() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/FunctionInTrait.kt");
+                }
+                
+                @TestMetadata("ManyAnnotations.kt")
+                public void testManyAnnotations() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/ManyAnnotations.kt");
+                }
+                
+                @TestMetadata("TopLevelFunction.kt")
+                public void testTopLevelFunction() throws Exception {
+                    doTestCheckingPrimaryConstructorsAndAccessors("compiler/testData/loadKotlin/annotations/parameters/TopLevelFunction.kt");
+                }
+                
+            }
+            
             @TestMetadata("compiler/testData/loadKotlin/annotations/propertiesWithoutBackingFields")
             public static class PropertiesWithoutBackingFields extends AbstractLazyResolveNamespaceComparingTest {
                 public void testAllFilesPresentInPropertiesWithoutBackingFields() throws Exception {
@@ -239,6 +287,7 @@ public class LazyResolveNamespaceComparingTestGenerated extends AbstractLazyReso
                 suite.addTestSuite(ClassMembers.class);
                 suite.addTestSuite(Classes.class);
                 suite.addTestSuite(PackageMembers.class);
+                suite.addTestSuite(Parameters.class);
                 suite.addTestSuite(PropertiesWithoutBackingFields.class);
                 return suite;
             }
diff --git a/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/AnnotationDescriptorDeserializer.java b/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/AnnotationDescriptorDeserializer.java
index bebcfdfb586..4d0c85ad5b5 100644
--- a/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/AnnotationDescriptorDeserializer.java
+++ b/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/AnnotationDescriptorDeserializer.java
@@ -233,6 +233,17 @@ public class AnnotationDescriptorDeserializer implements AnnotationDeserializer
         MemberSignature signature = getCallableSignature(proto, nameResolver, kind);
         if (signature == null) return Collections.emptyList();
 
+        return findClassAndLoadMemberAnnotations(container, proto, nameResolver, kind, signature);
+    }
+
+    @NotNull
+    private List<AnnotationDescriptor> findClassAndLoadMemberAnnotations(
+            @NotNull ClassOrNamespaceDescriptor container,
+            @NotNull ProtoBuf.Callable proto,
+            @NotNull NameResolver nameResolver,
+            @NotNull AnnotatedCallableKind kind,
+            @NotNull MemberSignature signature
+    ) {
         KotlinJvmBinaryClass kotlinClass = findClassWithMemberAnnotations(container, proto, nameResolver, kind);
         if (kotlinClass == null) {
             errorReporter.reportAnnotationLoadingError("Kotlin class for loading member annotations is not found: " + container, null);
@@ -342,34 +353,54 @@ public class AnnotationDescriptorDeserializer implements AnnotationDeserializer
         kotlinClass.loadMemberAnnotations(new KotlinJvmBinaryClass.MemberVisitor() {
             @Nullable
             @Override
-            public KotlinJvmBinaryClass.AnnotationVisitor visitMethod(@NotNull Name name, @NotNull String desc) {
-                return annotationVisitor(MemberSignature.fromMethodNameAndDesc(name, desc));
+            public KotlinJvmBinaryClass.MethodAnnotationVisitor visitMethod(@NotNull Name name, @NotNull String desc) {
+                return new AnnotationVisitorForMethod(MemberSignature.fromMethodNameAndDesc(name, desc));
             }
 
             @Nullable
             @Override
             public KotlinJvmBinaryClass.AnnotationVisitor visitField(@NotNull Name name, @NotNull String desc) {
-                return annotationVisitor(MemberSignature.fromFieldNameAndDesc(name, desc));
+                return new MemberAnnotationVisitor(MemberSignature.fromFieldNameAndDesc(name, desc));
             }
 
-            @NotNull
-            private KotlinJvmBinaryClass.AnnotationVisitor annotationVisitor(@NotNull final MemberSignature signature) {
-                return new KotlinJvmBinaryClass.AnnotationVisitor() {
-                    private final List<AnnotationDescriptor> result = new ArrayList<AnnotationDescriptor>();
+            class AnnotationVisitorForMethod extends MemberAnnotationVisitor implements KotlinJvmBinaryClass.MethodAnnotationVisitor {
+                public AnnotationVisitorForMethod(@NotNull MemberSignature signature) {
+                    super(signature);
+                }
 
-                    @Nullable
-                    @Override
-                    public KotlinJvmBinaryClass.AnnotationArgumentVisitor visitAnnotation(@NotNull JvmClassName className) {
-                        return resolveAnnotation(className, result);
+                @Nullable
+                @Override
+                public KotlinJvmBinaryClass.AnnotationArgumentVisitor visitParameterAnnotation(int index, @NotNull JvmClassName className) {
+                    MemberSignature paramSignature = MemberSignature.fromMethodSignatureAndParameterIndex(signature, index);
+                    List<AnnotationDescriptor> result = memberAnnotations.get(paramSignature);
+                    if (result == null) {
+                        result = new ArrayList<AnnotationDescriptor>();
+                        memberAnnotations.put(paramSignature, result);
                     }
+                    return resolveAnnotation(className, result);
+                }
+            }
 
-                    @Override
-                    public void visitEnd() {
-                        if (!result.isEmpty()) {
-                            memberAnnotations.put(signature, result);
-                        }
+            class MemberAnnotationVisitor implements KotlinJvmBinaryClass.AnnotationVisitor {
+                private final List<AnnotationDescriptor> result = new ArrayList<AnnotationDescriptor>();
+                protected final MemberSignature signature;
+
+                public MemberAnnotationVisitor(@NotNull MemberSignature signature) {
+                    this.signature = signature;
+                }
+
+                @Nullable
+                @Override
+                public KotlinJvmBinaryClass.AnnotationArgumentVisitor visitAnnotation(@NotNull JvmClassName className) {
+                    return resolveAnnotation(className, result);
+                }
+
+                @Override
+                public void visitEnd() {
+                    if (!result.isEmpty()) {
+                        memberAnnotations.put(signature, result);
                     }
-                };
+                }
             }
         });
 
@@ -395,6 +426,11 @@ public class AnnotationDescriptorDeserializer implements AnnotationDeserializer
             return new MemberSignature(name.asString() + "#" + desc);
         }
 
+        @NotNull
+        public static MemberSignature fromMethodSignatureAndParameterIndex(@NotNull MemberSignature signature, int index) {
+            return new MemberSignature(signature.signature + "@" + index);
+        }
+
         @Override
         public int hashCode() {
             return signature.hashCode();
@@ -467,7 +503,23 @@ public class AnnotationDescriptorDeserializer implements AnnotationDeserializer
 
     @NotNull
     @Override
-    public List<AnnotationDescriptor> loadValueParameterAnnotations(@NotNull ProtoBuf.Callable.ValueParameter parameterProto) {
-        throw new UnsupportedOperationException(); // TODO
+    public List<AnnotationDescriptor> loadValueParameterAnnotations(
+            @NotNull ClassOrNamespaceDescriptor container,
+            @NotNull ProtoBuf.Callable callable,
+            @NotNull NameResolver nameResolver,
+            @NotNull ProtoBuf.Callable.ValueParameter proto
+    ) {
+        // Kind = FUNCTION because properties and getters don't have any value parameters, and property setters are not supported yet
+        // TODO: support annotations on property setter value parameters
+        MemberSignature methodSignature = getCallableSignature(callable, nameResolver, AnnotatedCallableKind.FUNCTION);
+        if (methodSignature != null) {
+            if (proto.hasExtension(JavaProtoBuf.index)) {
+                MemberSignature paramSignature =
+                        MemberSignature.fromMethodSignatureAndParameterIndex(methodSignature, proto.getExtension(JavaProtoBuf.index));
+                return findClassAndLoadMemberAnnotations(container, callable, nameResolver, AnnotatedCallableKind.FUNCTION, paramSignature);
+            }
+        }
+
+        return Collections.emptyList();
     }
 }
diff --git a/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/KotlinJvmBinaryClass.java b/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/KotlinJvmBinaryClass.java
index ed79bd4aa8c..e0c74ea4973 100644
--- a/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/KotlinJvmBinaryClass.java
+++ b/core/descriptor.loader.java/src/org/jetbrains/jet/lang/resolve/kotlin/KotlinJvmBinaryClass.java
@@ -33,7 +33,7 @@ public interface KotlinJvmBinaryClass {
         // TODO: abstract signatures for methods and fields instead of ASM 'desc' strings?
 
         @Nullable
-        AnnotationVisitor visitMethod(@NotNull Name name, @NotNull String desc);
+        MethodAnnotationVisitor visitMethod(@NotNull Name name, @NotNull String desc);
 
         @Nullable
         AnnotationVisitor visitField(@NotNull Name name, @NotNull String desc);
@@ -46,6 +46,11 @@ public interface KotlinJvmBinaryClass {
         void visitEnd();
     }
 
+    interface MethodAnnotationVisitor extends AnnotationVisitor {
+        @Nullable
+        AnnotationArgumentVisitor visitParameterAnnotation(int index, @NotNull JvmClassName className);
+    }
+
     interface AnnotationArgumentVisitor {
         // TODO: annotations, java.lang.Class
         void visit(@Nullable Name name, @Nullable Object value);
diff --git a/core/descriptors/src/org/jetbrains/jet/renderer/DescriptorRendererImpl.java b/core/descriptors/src/org/jetbrains/jet/renderer/DescriptorRendererImpl.java
index 714e6d2e806..92a168e054d 100644
--- a/core/descriptors/src/org/jetbrains/jet/renderer/DescriptorRendererImpl.java
+++ b/core/descriptors/src/org/jetbrains/jet/renderer/DescriptorRendererImpl.java
@@ -547,6 +547,7 @@ public class DescriptorRendererImpl implements DescriptorRenderer {
             builder.append("/*").append(valueParameter.getIndex()).append("*/ ");
         }
 
+        renderAnnotations(valueParameter, builder);
         renderVariable(valueParameter, builder, topLevel);
         boolean withDefaultValue = debugMode ? valueParameter.declaresDefaultValue() : valueParameter.hasDefaultValue();
         if (withDefaultValue) {