Index: typo3/sysext/cms/tslib/content/class.tslib_content_text.php
===================================================================
--- typo3/sysext/cms/tslib/content/class.tslib_content_text.php	(revision 9916)
+++ typo3/sysext/cms/tslib/content/class.tslib_content_text.php	(revision )
@@ -42,8 +42,11 @@
 	 * @return	string		Output
 	 */
 	public function render($conf = array()) {
+		$content = '';
+		if(isset($conf['value'])) {
-		$content = $conf['value'];
-		unset($conf['value']);
+			$content = $conf['value'];
+			unset($conf['value']);
+		}
 		if(count($conf)) {
 			$content = $this->cObj->stdWrap($content, $conf);
 		}