diff --git a/Lib/test/test_traceback.py b/Lib/test/test_traceback.py
index 1c067d7..6ef70a6 100644
--- a/Lib/test/test_traceback.py
+++ b/Lib/test/test_traceback.py
@@ -168,6 +168,15 @@
         err = traceback.format_exception_only(None, None)
         self.assertEqual(err, ['None\n'])
 
+    def test_unicode(self):
+        err = AssertionError('\xff')
+        lines = traceback.format_exception_only(type(err), err)
+        self.assertEqual(lines, ['AssertionError: \xff\n'])
+
+        err = AssertionError(u'\xe9')
+        lines = traceback.format_exception_only(type(err), err)
+        self.assertEqual(lines, ['AssertionError: \\xe9\n'])
+
 
 class TracebackFormatTests(unittest.TestCase):
 
diff --git a/Lib/traceback.py b/Lib/traceback.py
index ed0f256..2a77d2c 100644
--- a/Lib/traceback.py
+++ b/Lib/traceback.py
@@ -212,8 +212,14 @@
 def _some_str(value):
     try:
         return str(value)
-    except:
-        return '<unprintable %s object>' % type(value).__name__
+    except Exception:
+        pass
+    try:
+        value = unicode(value)
+        return value.encode("ascii", "backslashreplace")
+    except Exception:
+        pass
+    return '<unprintable %s object>' % type(value).__name__
 
 
 def print_exc(limit=None, file=None):
diff --git a/Misc/NEWS b/Misc/NEWS
index 8ab0508..5d7bd4f 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -33,6 +33,9 @@
 Library
 -------
 
+- Issue #8313: traceback.format_exception_only() encodes unicode message to
+  ASCII with backslashreplace error handler if str(value) failed
+
 - Issue #8567: Fix precedence of signals in Decimal module: when a
   Decimal operation raises multiple signals and more than one of those
   signals is trapped, the specification determines the order in which