diff --git a/lib/markdown.awk b/lib/markdown.awk
index 7fab0bb..05f9124 100755
--- a/lib/markdown.awk
+++ b/lib/markdown.awk
@@ -96,7 +96,7 @@ function closeOne() {
     env = last()
     if (env == "ul" ) {
         # In a unordered list block, print a new item 
-        print "<li>" substr($0, 3) "</li>" 
+        print "<li>" replaceInline(substr($0, 3)) "</li>" 
     } else {
         # Otherwise, init the unordered list block 
         push("ul")