Index: src/org/jruby/exceptions/RaiseException.java
===================================================================
--- src/org/jruby/exceptions/RaiseException.java	(revision 4673)
+++ src/org/jruby/exceptions/RaiseException.java	(working copy)
@@ -113,7 +113,7 @@
         if (runtime.hasEventHooks()) {
             runtime.callEventHooks(
                     context,
-                    EventHook.RUBY_EVENT_RETURN,
+                    EventHook.RUBY_EVENT_RAISE,
                     context.getPosition().getFile(),
                     context.getPosition().getStartLine(),
                     context.getFrameName(),