diff --git a/gtk2_ardour/ardour.menus.in b/gtk2_ardour/ardour.menus.in
index d8ea6eb..f690ebe 100644
--- a/gtk2_ardour/ardour.menus.in
+++ b/gtk2_ardour/ardour.menus.in
@@ -128,6 +128,7 @@
       </menu>
 
       <menu action="MarkerMenu">
+        <menuitem action='toggle-location-at-playhead'/>
         <menuitem action='add-location-from-playhead'/>
         <menuitem action='remove-location-from-playhead'/>
         <separator/>
diff --git a/gtk2_ardour/editor.h b/gtk2_ardour/editor.h
index d45545b..7d754ed 100644
--- a/gtk2_ardour/editor.h
+++ b/gtk2_ardour/editor.h
@@ -1461,7 +1461,9 @@ class Editor : public PublicEditor, public PBD::ScopedConnectionList, public ARD
 	void set_loop_range (framepos_t start, framepos_t end, std::string cmd);
 	void set_punch_range (framepos_t start, framepos_t end, std::string cmd);
 
+	void toggle_location_at_playhead_cursor ();
 	void add_location_from_playhead_cursor ();
+	bool do_remove_location_at_playhead_cursor ();
 	void remove_location_at_playhead_cursor ();
 	bool select_new_marker;
 
diff --git a/gtk2_ardour/editor_actions.cc b/gtk2_ardour/editor_actions.cc
index 79900b3..44c66e3 100644
--- a/gtk2_ardour/editor_actions.cc
+++ b/gtk2_ardour/editor_actions.cc
@@ -254,6 +254,7 @@ Editor::register_actions ()
 	reg_sens (editor_actions, "set-session-start-from-playhead", _("Set Session Start from Playhead"), sigc::mem_fun(*this, &Editor::set_session_start_from_playhead));
 	reg_sens (editor_actions, "set-session-end-from-playhead", _("Set Session End from Playhead"), sigc::mem_fun(*this, &Editor::set_session_end_from_playhead));
 
+	reg_sens (editor_actions, "toggle-location-at-playhead", _("Toggle Mark at Playhead"), sigc::mem_fun(*this, &Editor::toggle_location_at_playhead_cursor));
 	reg_sens (editor_actions, "add-location-from-playhead", _("Add Mark from Playhead"), sigc::mem_fun(*this, &Editor::add_location_from_playhead_cursor));
 	reg_sens (editor_actions, "alternate-add-location-from-playhead", _("Add Mark from Playhead"), sigc::mem_fun(*this, &Editor::add_location_from_playhead_cursor));
 
diff --git a/gtk2_ardour/editor_ops.cc b/gtk2_ardour/editor_ops.cc
index c208e55..526d8bd 100644
--- a/gtk2_ardour/editor_ops.cc
+++ b/gtk2_ardour/editor_ops.cc
@@ -2243,19 +2243,29 @@ Editor::set_session_end_from_playhead ()
 	_session->set_end_is_free (false);
 }
 
+
+void
+Editor::toggle_location_at_playhead_cursor ()
+{
+	if (!do_remove_location_at_playhead_cursor())
+	{
+		add_location_from_playhead_cursor();
+	}
+}
+
 void
 Editor::add_location_from_playhead_cursor ()
 {
 	add_location_mark (_session->audible_frame());
 }
 
-void
-Editor::remove_location_at_playhead_cursor ()
+bool
+Editor::do_remove_location_at_playhead_cursor ()
 {
+	bool removed = false;
 	if (_session) {
 		//set up for undo
 		XMLNode &before = _session->locations()->get_state();
-		bool removed = false;
 
 		//find location(s) at this time
 		Locations::LocationList locs;
@@ -2275,6 +2285,13 @@ Editor::remove_location_at_playhead_cursor ()
 			commit_reversible_command ();
 		}
 	}
+	return removed;
+}
+
+void
+Editor::remove_location_at_playhead_cursor ()
+{
+	do_remove_location_at_playhead_cursor ();
 }
 
 /** Add a range marker around each selected region */