diff --git a/X2UtSettingsRegistry.pas b/X2UtSettingsRegistry.pas
index a7fd97b..3c5c107 100644
--- a/X2UtSettingsRegistry.pas
+++ b/X2UtSettingsRegistry.pas
@@ -283,6 +283,8 @@ end;
 
 function TX2RegistrySettings.ValueExists;
 begin
+  Result  := False;
+  
   if OpenRead() then
     Result  := FData.ValueExists(AName);
 end;