diff --git a/pip/commands/list.py b/pip/commands/list.py
index 6c66e5d8a..2d9df8d5b 100644
--- a/pip/commands/list.py
+++ b/pip/commands/list.py
@@ -80,32 +80,26 @@ class ListCommand(Command):
     def run(self, options, args):
         if options.outdated:
             self.run_outdated(options, args)
+        else:
+            self.run_listing(options, args)
 
     def run_outdated(self, options, args):
-        local_only = options.local
         index_urls = [options.index_url] + options.extra_index_urls
         if options.no_index:
             logger.notify('Ignoring indexes: %s' % ','.join(index_urls))
             index_urls = []
 
-        installations = {}
         dependency_links = []
-
         for dist in pkg_resources.working_set:
             if dist.has_metadata('dependency_links.txt'):
                 dependency_links.extend(
                     dist.get_metadata_lines('dependency_links.txt'),
                 )
 
-        for dist in get_installed_distributions(local_only=local_only):
-            req = InstallRequirement.from_line(dist.key, None)
-            req.check_if_exists()
-            installations[req.name] = req
-
         finder = self._build_package_finder(options, index_urls)
         finder.add_dependency_links(dependency_links)
 
-        for req in installations.values():
+        for req in self.find_installed_packages(options):
             try:
                 link = finder.find_requirement(req, True)
 
@@ -124,5 +118,17 @@ class ListCommand(Command):
             if remote_version > req.installed_version:
                 logger.notify('%s (CURRENT: %s LATEST: %s)' % (req.name, req.installed_version, remote_version))
 
+    def find_installed_packages(self, options):
+        local_only = options.local
+        for dist in get_installed_distributions(local_only=local_only):
+            req = InstallRequirement.from_line(dist.key, None)
+            req.check_if_exists()
+            yield req
+
+    def run_listing(self, options, args):
+        installed_packages = self.find_installed_packages(options)
+        for req in installed_packages:
+            logger.notify('%s (%s)' % (req.name, req.installed_version))
+
 
 ListCommand()
diff --git a/tests/test_list.py b/tests/test_list.py
index 5e6e603ce..a0f213c58 100644
--- a/tests/test_list.py
+++ b/tests/test_list.py
@@ -2,7 +2,7 @@ import re
 import sys
 import textwrap
 from doctest import OutputChecker, ELLIPSIS
-from test_pip import reset_env, run_pip, write_file
+from test_pip import pyversion, reset_env, run_pip, write_file
 
 
 distribute_re = re.compile(r'^distribute==[0-9.]+ \(CURRENT: [0-9.]+ LATEST: [0-9.]+\)\n', re.MULTILINE)
@@ -32,9 +32,36 @@ def _check_output(result, expected):
     assert checker.check_output(expected, actual, ELLIPSIS), banner('EXPECTED')+expected+banner('ACTUAL')+actual+banner(6*'=')
 
 
+def test_list_command():
+    """
+    Test default behavior of list command.
+
+    """
+    reset_env()
+    run_pip('install', 'INITools==0.2', 'simplejson==2.0.0')
+    result = run_pip('list')
+    expected = textwrap.dedent("""\
+        Script result: pip list
+        -- stdout: --------------------
+    """)
+    if pyversion < (3,):
+        expected += textwrap.dedent("""\
+        wsgiref (...)
+        initools (0.2)
+        simplejson (2.0.0)
+        """)
+    else:
+        expected += textwrap.dedent("""\
+        initools (0.2)
+        simplejson (2.0.0)
+        """)
+    _check_output(result, textwrap.dedent(expected))
+
+
 def test_outdated_default():
     """
-    Test default behavor of --outdated option in the list command
+    Test the behavior of --outdated option in the list command
+
     """
 
     env = reset_env()
@@ -53,7 +80,7 @@ def test_outdated_default():
     expected = textwrap.dedent("""\
         Script result: pip list --outdated
         -- stdout: --------------------
-        simplejson (CURRENT: 2.0.0 LATEST: %s)
         initools (CURRENT: 0.2 LATEST: %s)
-        """ % (simplejson_ver, initools_ver))
+        simplejson (CURRENT: 2.0.0 LATEST: %s)
+        """ % (initools_ver, simplejson_ver))
     _check_output(result, expected)