Index: ctools.module
===================================================================
RCS file: /var/lib/cvs/drupal-common/modules/contrib/ctools/ctools.module,v
retrieving revision 1.1.6.3
diff -u -8 -p -u -p -r1.1.6.3 ctools.module
--- ctools.module	20 Aug 2009 07:22:19 -0000	1.1.6.3
+++ ctools.module	13 Oct 2009 08:13:59 -0000
@@ -379,18 +379,18 @@ function ctools_preprocess_page(&$variab
           if (is_string($argument) && function_exists($argument)) {
             $tokens[$token] = $argument();
           }
           if (is_array($argument) && function_exists($argument[0])) {
             $tokens[$token] = call_user_func_array($argument);
           }
           break;
       }
-      $variables['content'] = strtr($variables['content'], $tokens);
     }
+    $variables['content'] = strtr($variables['content'], $tokens);
   }
 }
 
 /**
  * Set a token/value pair to be replaced later in the request, specifically in
  * ctools_preprocess_page().
  *
  * @param $token