diff --git a/org.springframework.context/src/main/java/org/springframework/format/support/FormattingConversionServiceFactoryBean.java b/org.springframework.context/src/main/java/org/springframework/format/support/FormattingConversionServiceFactoryBean.java
index 163b783f661..8c40588422f 100644
--- a/org.springframework.context/src/main/java/org/springframework/format/support/FormattingConversionServiceFactoryBean.java
+++ b/org.springframework.context/src/main/java/org/springframework/format/support/FormattingConversionServiceFactoryBean.java
@@ -24,6 +24,7 @@ import java.util.Set;
 
 import org.springframework.beans.factory.FactoryBean;
 import org.springframework.beans.factory.InitializingBean;
+import org.springframework.context.EmbeddedValueResolverAware;
 import org.springframework.core.convert.support.ConversionServiceFactory;
 import org.springframework.format.AnnotationFormatterFactory;
 import org.springframework.format.FormatterRegistry;
@@ -33,6 +34,7 @@ import org.springframework.format.annotation.DateTimeFormat;
 import org.springframework.format.datetime.joda.JodaTimeFormattingConfigurer;
 import org.springframework.format.number.NumberFormatAnnotationFormatterFactory;
 import org.springframework.util.ClassUtils;
+import org.springframework.util.StringValueResolver;
 
 /**
  * A factory for a {@link FormattingConversionService} that installs default
@@ -46,13 +48,15 @@ import org.springframework.util.ClassUtils;
  * @since 3.0
  */
 public class FormattingConversionServiceFactoryBean
-		implements FactoryBean<FormattingConversionService>, InitializingBean {
+		implements FactoryBean<FormattingConversionService>, EmbeddedValueResolverAware, InitializingBean {
 
 	private static final boolean jodaTimePresent = ClassUtils.isPresent(
 			"org.joda.time.LocalDate", FormattingConversionService.class.getClassLoader());
 
 	private Set<?> converters;
 
+	private StringValueResolver embeddedValueResolver;
+
 	private FormattingConversionService conversionService;
 
 
@@ -66,8 +70,13 @@ public class FormattingConversionServiceFactoryBean
 		this.converters = converters;
 	}
 
+	public void setEmbeddedValueResolver(StringValueResolver embeddedValueResolver) {
+		this.embeddedValueResolver = embeddedValueResolver;
+	}
+
 	public void afterPropertiesSet() {
 		this.conversionService = new FormattingConversionService();
+		this.conversionService.setEmbeddedValueResolver(this.embeddedValueResolver);
 		ConversionServiceFactory.addDefaultConverters(this.conversionService);
 		ConversionServiceFactory.registerConverters(this.converters, this.conversionService);
 		installFormatters(this.conversionService);
diff --git a/org.springframework.context/src/test/java/org/springframework/format/support/FormattingConversionServiceTests.java b/org.springframework.context/src/test/java/org/springframework/format/support/FormattingConversionServiceTests.java
index 144db168ff2..26ca6f3d62c 100644
--- a/org.springframework.context/src/test/java/org/springframework/format/support/FormattingConversionServiceTests.java
+++ b/org.springframework.context/src/test/java/org/springframework/format/support/FormattingConversionServiceTests.java
@@ -32,6 +32,7 @@ import org.junit.Before;
 import org.junit.Test;
 
 import org.springframework.beans.factory.config.PropertyPlaceholderConfigurer;
+import org.springframework.beans.factory.support.RootBeanDefinition;
 import org.springframework.context.i18n.LocaleContextHolder;
 import org.springframework.context.support.GenericApplicationContext;
 import org.springframework.core.convert.TypeDescriptor;
@@ -88,6 +89,7 @@ public class FormattingConversionServiceTests {
 
 	@Test
 	public void testFormatFieldForAnnotation() throws Exception {
+		formattingService.addFormatterForFieldAnnotation(new JodaDateTimeFormatAnnotationFormatterFactory());
 		doTestFormatFieldForAnnotation(Model.class);
 	}
 
@@ -102,6 +104,22 @@ public class FormattingConversionServiceTests {
 		context.getBeanFactory().registerSingleton("ppc", ppc);
 		context.refresh();
 		context.getBeanFactory().initializeBean(formattingService, "formattingService");
+		formattingService.addFormatterForFieldAnnotation(new JodaDateTimeFormatAnnotationFormatterFactory());
+		doTestFormatFieldForAnnotation(ModelWithPlaceholders.class);
+	}
+
+	@Test
+	public void testFormatFieldForAnnotationWithPlaceholdersAndFactoryBean() throws Exception {
+		GenericApplicationContext context = new GenericApplicationContext();
+		PropertyPlaceholderConfigurer ppc = new PropertyPlaceholderConfigurer();
+		Properties props = new Properties();
+		props.setProperty("dateStyle", "S-");
+		props.setProperty("datePattern", "M/d/yy");
+		ppc.setProperties(props);
+		context.registerBeanDefinition("formattingService", new RootBeanDefinition(FormattingConversionServiceFactoryBean.class));
+		context.getBeanFactory().registerSingleton("ppc", ppc);
+		context.refresh();
+		formattingService = context.getBean("formattingService", FormattingConversionService.class);
 		doTestFormatFieldForAnnotation(ModelWithPlaceholders.class);
 	}
 
@@ -116,7 +134,6 @@ public class FormattingConversionServiceTests {
 				return source.toDate();
 			}
 		});
-		formattingService.addFormatterForFieldAnnotation(new JodaDateTimeFormatAnnotationFormatterFactory());
 
 		String formatted = (String) formattingService.convert(new LocalDate(2009, 10, 31).toDateTimeAtCurrentTime()
 				.toDate(), new TypeDescriptor(modelClass.getField("date")), TypeDescriptor.valueOf(String.class));