diff --git a/services/horizon/internal/db2/history/main.go b/services/horizon/internal/db2/history/main.go
index deae0ae223..e582c9abc5 100644
--- a/services/horizon/internal/db2/history/main.go
+++ b/services/horizon/internal/db2/history/main.go
@@ -39,6 +39,10 @@ const (
 	// account flags, either clearing or setting.
 	EffectAccountFlagsUpdated EffectType = 6 // from set_options
 
+	// EffectAccountInflationDestinationUpdated effects occur when an account changes its
+	// inflation destination.
+	EffectAccountInflationDestinationUpdated EffectType = 7 // from set_options
+
 	// signer effects
 
 	// EffectSignerCreated occurs when an account gains a signer
diff --git a/services/horizon/internal/ingest/session.go b/services/horizon/internal/ingest/session.go
index c28ceb592c..0076b3ef86 100644
--- a/services/horizon/internal/ingest/session.go
+++ b/services/horizon/internal/ingest/session.go
@@ -4,6 +4,7 @@ import (
 	"context"
 	"encoding/base64"
 	"fmt"
+	"reflect"
 	"time"
 
 	"github.com/stellar/go/clients/stellarcore"
@@ -201,6 +202,14 @@ func (is *Session) ingestEffects() {
 			effects.Add(source, history.EffectAccountFlagsUpdated, flagDetails)
 		}
 
+		if op.InflationDest != nil {
+			effects.Add(source, history.EffectAccountInflationDestinationUpdated,
+				map[string]interface{}{
+					"inflation_destination": op.InflationDest.Address(),
+				},
+			)
+		}
+
 		is.ingestSignerEffects(effects, op)
 
 	case xdr.OperationTypeChangeTrust:
@@ -397,6 +406,7 @@ func (is *Session) ingestSignerEffects(effects *EffectIngestion, op xdr.SetOptio
 	// HACK (scott) 2017-11-27:  Prevent crashes when BeforeAndAfter fails to
 	// correctly work.
 	if be == nil || ae == nil {
+		// TODO (scott) 2018-03-02: log some info to help us track down the crash, doofus
 		return
 	}
 
@@ -406,6 +416,11 @@ func (is *Session) ingestSignerEffects(effects *EffectIngestion, op xdr.SetOptio
 	before := beforeAccount.SignerSummary()
 	after := afterAccount.SignerSummary()
 
+	// if before and after are the same, the signers have not changed
+	if reflect.DeepEqual(before, after) {
+		return
+	}
+
 	for addy := range before {
 		weight, ok := after[addy]
 		if !ok {
diff --git a/services/horizon/internal/ingest/session_test.go b/services/horizon/internal/ingest/session_test.go
new file mode 100644
index 0000000000..56f49eb61d
--- /dev/null
+++ b/services/horizon/internal/ingest/session_test.go
@@ -0,0 +1,46 @@
+package ingest
+
+import (
+	"testing"
+
+	"github.com/stellar/go/services/horizon/internal/db2/history"
+	"github.com/stellar/go/services/horizon/internal/test"
+)
+
+func Test_ingestSignerEffects(t *testing.T) {
+	tt := test.Start(t).ScenarioWithoutHorizon("set_options")
+	defer tt.Finish()
+
+	s := ingest(tt)
+	tt.Require.NoError(s.Err)
+
+	q := &history.Q{Session: tt.HorizonSession()}
+
+	// Regression: https://github.com/stellar/horizon/issues/390 doesn't produce a signer effect when
+	// inflation has changed
+	var effects []history.Effect
+	err := q.Effects().ForLedger(3).Select(&effects)
+	tt.Require.NoError(err)
+
+	if tt.Assert.Len(effects, 1) {
+		tt.Assert.NotEqual(history.EffectSignerUpdated, effects[0].Type)
+	}
+}
+
+func Test_ingestOperationEffects(t *testing.T) {
+	tt := test.Start(t).ScenarioWithoutHorizon("set_options")
+	defer tt.Finish()
+
+	s := ingest(tt)
+	tt.Require.NoError(s.Err)
+
+	// ensure inflation destination change is correctly recorded
+	q := &history.Q{Session: tt.HorizonSession()}
+	var effects []history.Effect
+	err := q.Effects().ForLedger(3).Select(&effects)
+	tt.Require.NoError(err)
+
+	if tt.Assert.Len(effects, 1) {
+		tt.Assert.Equal(history.EffectAccountInflationDestinationUpdated, effects[0].Type)
+	}
+}
diff --git a/services/horizon/internal/resource/effects/main.go b/services/horizon/internal/resource/effects/main.go
index 7f13c33205..0b462d04bd 100644
--- a/services/horizon/internal/resource/effects/main.go
+++ b/services/horizon/internal/resource/effects/main.go
@@ -2,34 +2,35 @@ package effects
 
 import (
 	"github.com/stellar/go/services/horizon/internal/db2/history"
-	"github.com/stellar/go/services/horizon/internal/resource/base"
 	"github.com/stellar/go/services/horizon/internal/render/hal"
+	"github.com/stellar/go/services/horizon/internal/resource/base"
 	"golang.org/x/net/context"
 )
 
 var TypeNames = map[history.EffectType]string{
-	history.EffectAccountCreated:           "account_created",
-	history.EffectAccountRemoved:           "account_removed",
-	history.EffectAccountCredited:          "account_credited",
-	history.EffectAccountDebited:           "account_debited",
-	history.EffectAccountThresholdsUpdated: "account_thresholds_updated",
-	history.EffectAccountHomeDomainUpdated: "account_home_domain_updated",
-	history.EffectAccountFlagsUpdated:      "account_flags_updated",
-	history.EffectSignerCreated:            "signer_created",
-	history.EffectSignerRemoved:            "signer_removed",
-	history.EffectSignerUpdated:            "signer_updated",
-	history.EffectTrustlineCreated:         "trustline_created",
-	history.EffectTrustlineRemoved:         "trustline_removed",
-	history.EffectTrustlineUpdated:         "trustline_updated",
-	history.EffectTrustlineAuthorized:      "trustline_authorized",
-	history.EffectTrustlineDeauthorized:    "trustline_deauthorized",
-	history.EffectOfferCreated:             "offer_created",
-	history.EffectOfferRemoved:             "offer_removed",
-	history.EffectOfferUpdated:             "offer_updated",
-	history.EffectTrade:                    "trade",
-	history.EffectDataCreated:              "data_created",
-	history.EffectDataRemoved:              "data_removed",
-	history.EffectDataUpdated:              "data_updated",
+	history.EffectAccountCreated:                     "account_created",
+	history.EffectAccountRemoved:                     "account_removed",
+	history.EffectAccountCredited:                    "account_credited",
+	history.EffectAccountDebited:                     "account_debited",
+	history.EffectAccountThresholdsUpdated:           "account_thresholds_updated",
+	history.EffectAccountHomeDomainUpdated:           "account_home_domain_updated",
+	history.EffectAccountFlagsUpdated:                "account_flags_updated",
+	history.EffectAccountInflationDestinationUpdated: "account_inflation_destination_updated",
+	history.EffectSignerCreated:                      "signer_created",
+	history.EffectSignerRemoved:                      "signer_removed",
+	history.EffectSignerUpdated:                      "signer_updated",
+	history.EffectTrustlineCreated:                   "trustline_created",
+	history.EffectTrustlineRemoved:                   "trustline_removed",
+	history.EffectTrustlineUpdated:                   "trustline_updated",
+	history.EffectTrustlineAuthorized:                "trustline_authorized",
+	history.EffectTrustlineDeauthorized:              "trustline_deauthorized",
+	history.EffectOfferCreated:                       "offer_created",
+	history.EffectOfferRemoved:                       "offer_removed",
+	history.EffectOfferUpdated:                       "offer_updated",
+	history.EffectTrade:                              "trade",
+	history.EffectDataCreated:                        "data_created",
+	history.EffectDataRemoved:                        "data_removed",
+	history.EffectDataUpdated:                        "data_updated",
 }
 
 // New creates a new effect resource from the provided database representation