Index: wp-includes/post-template.php
===================================================================
--- wp-includes/post-template.php	(revision 13165)
+++ wp-includes/post-template.php	(working copy)
@@ -164,8 +164,8 @@
  */
 function the_content($more_link_text = null, $stripteaser = 0) {
 	$content = get_the_content($more_link_text, $stripteaser);
-	$content = apply_filters('the_content', $content);
 	$content = str_replace(']]>', ']]&gt;', $content);
+	$content = apply_filters('the_content', $content);
 	echo $content;
 }
 
