diff --git a/src/events.cc b/src/events.cc
index d9daed37b5..004ff8b07e 100644
--- a/src/events.cc
+++ b/src/events.cc
@@ -23,21 +23,16 @@ using namespace node;
 Persistent<FunctionTemplate> EventEmitter::constructor_template;
 
 void 
-EventEmitter::Initialize (Handle<Object> target)
+EventEmitter::Initialize (Local<FunctionTemplate> ctemplate)
 {
   HandleScope scope;
 
-  Local<FunctionTemplate> t = FunctionTemplate::New();
-
-  constructor_template = Persistent<FunctionTemplate>::New(t);
+  constructor_template = Persistent<FunctionTemplate>::New(ctemplate);
 
   Local<FunctionTemplate> __emit = FunctionTemplate::New(Emit);
   constructor_template->PrototypeTemplate()->Set(String::NewSymbol("emit"), __emit);
 
   // All other prototype methods are defined in events.js
-
-  target->Set(String::NewSymbol("EventEmitter"),
-              constructor_template->GetFunction());
 }
 
 static bool
diff --git a/src/events.h b/src/events.h
index 115717255b..b8e38e0287 100644
--- a/src/events.h
+++ b/src/events.h
@@ -8,7 +8,7 @@ namespace node {
 
 class EventEmitter : public ObjectWrap {
  public:
-  static void Initialize (v8::Handle<v8::Object> target);
+  static void Initialize (v8::Local<v8::FunctionTemplate> ctemplate);
   static v8::Persistent<v8::FunctionTemplate> constructor_template;
 
   bool Emit (const char *event, int argc, v8::Handle<v8::Value> argv[]);
diff --git a/src/node.cc b/src/node.cc
index be68ba1e82..b61578e0d4 100644
--- a/src/node.cc
+++ b/src/node.cc
@@ -207,7 +207,8 @@ Load (int argc, char *argv[])
   NODE_SET_METHOD(node_obj, "compile", compile);
   NODE_SET_METHOD(node_obj, "reallyExit", node_exit);
 
-  EventEmitter::Initialize(node_obj);
+  node_obj->Set(String::NewSymbol("EventEmitter"),
+              EventEmitter::constructor_template->GetFunction());
   Promise::Initialize(node_obj);
 
   Stdio::Initialize(node_obj);
@@ -305,9 +306,20 @@ main (int argc, char *argv[])
   }
 
   HandleScope handle_scope;
-  Persistent<Context> context = Context::New(NULL, ObjectTemplate::New());
+
+  Local<FunctionTemplate> process_template = FunctionTemplate::New();
+
+  // The global object / "process" is an instance of EventEmitter.  For
+  // strange reasons we must initialize EventEmitter now!  it will be assign
+  // to it's namespace node.EventEmitter in Load() bellow. 
+  EventEmitter::Initialize(process_template);
+
+  Persistent<Context> context = Context::New(NULL,
+      process_template->InstanceTemplate());
   Context::Scope context_scope(context);
 
+  context->Global()->Set(String::NewSymbol("process"), context->Global());
+
   Local<Object> node_obj = Load(argc, argv);
 
   ev_loop(EV_DEFAULT_UC_ 0); // main event loop