diff --git a/CHANGES.md b/CHANGES.md
index 73d756ddf..199326091 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,8 @@
+1.2.2
+=====
+
+- Fix a bug affecting bound classmethod saving on Python 2.
+  ([issue #288](https://github.com/cloudpipe/cloudpickle/issues/288))
 
 1.2.1
 =====
diff --git a/cloudpickle/__init__.py b/cloudpickle/__init__.py
index 9a19537b9..c06bc55dc 100644
--- a/cloudpickle/__init__.py
+++ b/cloudpickle/__init__.py
@@ -8,4 +8,4 @@
 if sys.version_info[:2] >= (3, 8):
     from cloudpickle.cloudpickle_fast import CloudPickler, dumps, dump
 
-__version__ = '1.3.0.dev0'
+__version__ = '1.2.2.dev0'
diff --git a/cloudpickle/cloudpickle.py b/cloudpickle/cloudpickle.py
index 30b6effeb..ad0f5bb58 100644
--- a/cloudpickle/cloudpickle.py
+++ b/cloudpickle/cloudpickle.py
@@ -882,8 +882,9 @@ def save_instancemethod(self, obj):
             if PY3:  # pragma: no branch
                 self.save_reduce(types.MethodType, (obj.__func__, obj.__self__), obj=obj)
             else:
-                self.save_reduce(types.MethodType, (obj.__func__, obj.__self__, obj.__self__.__class__),
-                                 obj=obj)
+                self.save_reduce(
+                    types.MethodType,
+                    (obj.__func__, obj.__self__, type(obj.__self__)), obj=obj)
 
     dispatch[types.MethodType] = save_instancemethod
 
diff --git a/tests/cloudpickle_test.py b/tests/cloudpickle_test.py
index 4e30b26ed..75287f6e6 100644
--- a/tests/cloudpickle_test.py
+++ b/tests/cloudpickle_test.py
@@ -431,6 +431,15 @@ def test_cm(cls):
         self.assertEqual(A.test_sm(), "sm")
         self.assertEqual(A.test_cm(), "cm")
 
+    def test_bound_classmethod(self):
+        class A:
+            @classmethod
+            def test_cm(cls):
+                return "cm"
+
+        A.test_cm = pickle_depickle(A.test_cm, protocol=self.protocol)
+        self.assertEqual(A.test_cm(), "cm")
+
     def test_method_descriptors(self):
         f = pickle_depickle(str.upper)
         self.assertEqual(f('abc'), 'ABC')