<?php
if( $excerpt ) {
	if ($post->post_excerpt!=NULL){
		if(substr($post->post_excerpt, 0, 3) != '<p>' && substr($post->post_excerpt, 0, 3) != '<p '){
			echo '<p>';
		}
		echo $post->post_excerpt;
		if(substr($post->post_excerpt, -4) != '</p>'){
			echo '</p>';
		}
	}else
		the_excerpt();
} ?>