diff --git a/modules/hypernetwork.py b/modules/hypernetwork.py
index 7f0622428..19f1c2270 100644
--- a/modules/hypernetwork.py
+++ b/modules/hypernetwork.py
@@ -40,27 +40,34 @@ class Hypernetwork:
             self.layers[size] = (HypernetworkModule(size, sd[0]), HypernetworkModule(size, sd[1]))
 
 
-def load_hypernetworks(path):
+def list_hypernetworks(path):
     res = {}
-
     for filename in glob.iglob(os.path.join(path, '**/*.pt'), recursive=True):
-        try:
-            hn = Hypernetwork(filename)
-            res[hn.name] = hn
-        except Exception:
-            print(f"Error loading hypernetwork {filename}", file=sys.stderr)
-            print(traceback.format_exc(), file=sys.stderr)
-
+        name = os.path.splitext(os.path.basename(filename))[0]
+        res[name] = filename
     return res
 
 
+def load_hypernetwork(filename):
+    print(f"Loading hypernetwork {filename}")
+    path = shared.hypernetworks.get(filename, None)
+    if (path is not None):
+        try:
+            shared.loaded_hypernetwork = Hypernetwork(path)
+        except Exception:
+            print(f"Error loading hypernetwork {path}", file=sys.stderr)
+            print(traceback.format_exc(), file=sys.stderr)
+    else:
+        shared.loaded_hypernetwork = None
+
+
 def attention_CrossAttention_forward(self, x, context=None, mask=None):
     h = self.heads
 
     q = self.to_q(x)
     context = default(context, x)
 
-    hypernetwork = shared.selected_hypernetwork()
+    hypernetwork = shared.loaded_hypernetwork
     hypernetwork_layers = (hypernetwork.layers if hypernetwork is not None else {}).get(context.shape[2], None)
 
     if hypernetwork_layers is not None:
diff --git a/modules/sd_hijack_optimizations.py b/modules/sd_hijack_optimizations.py
index c4396bb9b..634fb4b24 100644
--- a/modules/sd_hijack_optimizations.py
+++ b/modules/sd_hijack_optimizations.py
@@ -28,7 +28,7 @@ def split_cross_attention_forward_v1(self, x, context=None, mask=None):
     q_in = self.to_q(x)
     context = default(context, x)
 
-    hypernetwork = shared.selected_hypernetwork()
+    hypernetwork = shared.loaded_hypernetwork
     hypernetwork_layers = (hypernetwork.layers if hypernetwork is not None else {}).get(context.shape[2], None)
 
     if hypernetwork_layers is not None:
@@ -68,7 +68,7 @@ def split_cross_attention_forward(self, x, context=None, mask=None):
     q_in = self.to_q(x)
     context = default(context, x)
 
-    hypernetwork = shared.selected_hypernetwork()
+    hypernetwork = shared.loaded_hypernetwork
     hypernetwork_layers = (hypernetwork.layers if hypernetwork is not None else {}).get(context.shape[2], None)
 
     if hypernetwork_layers is not None:
@@ -132,7 +132,7 @@ def xformers_attention_forward(self, x, context=None, mask=None):
     h = self.heads
     q_in = self.to_q(x)
     context = default(context, x)
-    hypernetwork = shared.selected_hypernetwork()
+    hypernetwork = shared.loaded_hypernetwork
     hypernetwork_layers = (hypernetwork.layers if hypernetwork is not None else {}).get(context.shape[2], None)
     if hypernetwork_layers is not None:
         k_in = self.to_k(hypernetwork_layers[0](context))
diff --git a/modules/shared.py b/modules/shared.py
index b2c76a323..9dce6cb7b 100644
--- a/modules/shared.py
+++ b/modules/shared.py
@@ -79,11 +79,8 @@ parallel_processing_allowed = not cmd_opts.lowvram and not cmd_opts.medvram
 xformers_available = False
 config_filename = cmd_opts.ui_settings_file
 
-hypernetworks = hypernetwork.load_hypernetworks(os.path.join(models_path, 'hypernetworks'))
-
-
-def selected_hypernetwork():
-    return hypernetworks.get(opts.sd_hypernetwork, None)
+hypernetworks = hypernetwork.list_hypernetworks(os.path.join(models_path, 'hypernetworks'))
+loaded_hypernetwork = None
 
 
 class State:
diff --git a/webui.py b/webui.py
index 18de8e165..270584f77 100644
--- a/webui.py
+++ b/webui.py
@@ -82,6 +82,9 @@ modules.scripts.load_scripts(os.path.join(script_path, "scripts"))
 shared.sd_model = modules.sd_models.load_model()
 shared.opts.onchange("sd_model_checkpoint", wrap_queued_call(lambda: modules.sd_models.reload_model_weights(shared.sd_model)))
 
+loaded_hypernetwork = modules.hypernetwork.load_hypernetwork(shared.opts.sd_hypernetwork)
+shared.opts.onchange("sd_hypernetwork", wrap_queued_call(lambda: modules.hypernetwork.load_hypernetwork(shared.opts.sd_hypernetwork)))
+
 
 def webui():
     # make the program just exit at ctrl+c without waiting for anything