Index: django/core/management.py
===================================================================
--- django/core/management.py	(revision 5649)
+++ django/core/management.py	(working copy)
@@ -29,7 +29,7 @@
 # which has been installed.
 PROJECT_TEMPLATE_DIR = os.path.join(django.__path__[0], 'conf', '%s_template')
 
-INVALID_PROJECT_NAMES = ('django', 'site', 'test')
+INVALID_PROJECT_NAMES = ('django', 'site', 'test', 'code')
 
 # Set up the terminal color scheme.
 class dummy: pass