bash hangs when a command containing an umlaut is cycled through in history

Configuration Information [Automatically generated, do not change]:
Machine: i386
OS: linux-gnu
Compiler: i386-redhat-linux-gcc
Compilation CFLAGS:  -DPROGRAM='bash' -DCONF_HOSTTYPE='i386' -
DCONF_OSTYPE='linux-gnu' -DCONF_MACHTYPE='i386-redhat-linux-gnu' -
DCONF_VENDOR='redhat' -DSHELL -DHAVE_CONFIG_H  -I.  -I. -I./include -
I./lib -D_GNU_SOURCE  -O2 -march=i386 -mcpu=i686 -g
uname output: Linux ramazzotti 2.4.20-8smp #1 SMP Thu Mar 13 17:45:54
EST 2003 i686 i686 i386 GNU/Linux
Machine Type: i386-redhat-linux-gnu

Bash Version: 2.05b
Patch Level: 0
Release Status: release

Description:

bash hangs when a command containing an umlaut (overstrike character)
is cycled through via the command history (arrow-up)

Repeat-By:

Mistype ls.* for example as ls ü.*
Command is not found, of course. Later on, try to cycle to a previous
command using the arrow-up key. This stops and blocks the shell when
the command containing the umlaut is found.

        Best regards
        Tuomo Takkula
--
Tuomo Takkula, PhD
Inform GmbH      Pascalstr. 23      D-52076 Aachen
phone +49-2408-9456-368      fax +49-2408-9456-45
tuomo.takkula@xxxxxxxxxxxxx  www.inform-ac.com