diff --git a/CHANGES b/CHANGES
index 522213fe2..9955865de 100644
--- a/CHANGES
+++ b/CHANGES
@@ -52,6 +52,7 @@ Bugs fixed
 * #1540: Fix RuntimeError with circular referenced toctree
 * #1983: i18n translation feature breaks references which uses section name.
 * #1990: Use caption of toctree to title of \tableofcontents in LaTeX
+* #1987: Fix ampersand is ignored in ``:menuselection:`` and ``:guilabel:`` on LaTeX builder
 
 
 Release 1.3.1 (released Mar 17, 2015)
diff --git a/sphinx/writers/latex.py b/sphinx/writers/latex.py
index 920df5940..d82e7dd76 100644
--- a/sphinx/writers/latex.py
+++ b/sphinx/writers/latex.py
@@ -1713,6 +1713,9 @@ class LaTeXTranslator(nodes.NodeVisitor):
         if classes in [['menuselection'], ['guilabel']]:
             self.body.append(r'\emph{')
             self.context.append('}')
+        elif classes in [['accelerator']]:
+            self.body.append(r'\underline{')
+            self.context.append('}')
         elif classes and not self.in_title:
             self.body.append(r'\DUspan{%s}{' % ','.join(classes))
             self.context.append('}')
diff --git a/tests/test_markup.py b/tests/test_markup.py
index e741571fb..a5804366f 100644
--- a/tests/test_markup.py
+++ b/tests/test_markup.py
@@ -109,7 +109,7 @@ def test_inline():
     yield (verify, ':guilabel:`&Foo -&&- &Bar`',
            u'<p><span class="guilabel"><span class="accelerator">F</span>oo '
            '-&amp;- <span class="accelerator">B</span>ar</span></p>',
-           r'\emph{\DUspan{accelerator}{F}oo -\&- \DUspan{accelerator}{B}ar}')
+           r'\emph{\underline{F}oo -\&- \underline{B}ar}')
 
     # non-interpolation of dashes in option role
     yield (verify_re, ':option:`--with-option`',