diff --git a/Include/internal/pycore_instruments.h b/Include/internal/pycore_instruments.h
index ccccd54a2f7..56de9f87171 100644
--- a/Include/internal/pycore_instruments.h
+++ b/Include/internal/pycore_instruments.h
@@ -90,10 +90,6 @@ extern int
 _Py_call_instrumentation_2args(PyThreadState *tstate, int event,
     _PyInterpreterFrame *frame, _Py_CODEUNIT *instr, PyObject *arg0, PyObject *arg1);
 
-extern void
-_Py_call_instrumentation_exc0(PyThreadState *tstate, int event,
-    _PyInterpreterFrame *frame, _Py_CODEUNIT *instr);
-
 extern void
 _Py_call_instrumentation_exc2(PyThreadState *tstate, int event,
     _PyInterpreterFrame *frame, _Py_CODEUNIT *instr, PyObject *arg0, PyObject *arg1);
diff --git a/Lib/test/test_monitoring.py b/Lib/test/test_monitoring.py
index b36382c8d09..845185be737 100644
--- a/Lib/test/test_monitoring.py
+++ b/Lib/test/test_monitoring.py
@@ -743,6 +743,13 @@ class ExceptionHandledRecorder(ExceptionRecorder):
     def __call__(self, code, offset, exc):
         self.events.append(("handled", type(exc)))
 
+class ThrowRecorder(ExceptionRecorder):
+
+    event_type = E.PY_THROW
+
+    def __call__(self, code, offset, exc):
+        self.events.append(("throw", type(exc)))
+
 class ExceptionMonitoringTest(CheckEvents):
 
 
@@ -888,6 +895,31 @@ class ExceptionMonitoringTest(CheckEvents):
             func,
             recorders = self.exception_recorders)
 
+    def test_throw(self):
+
+        def gen():
+            yield 1
+            yield 2
+
+        def func():
+            try:
+                g = gen()
+                next(g)
+                g.throw(IndexError)
+            except IndexError:
+                pass
+
+        self.check_balanced(
+            func,
+            recorders = self.exception_recorders)
+
+        events = self.get_events(
+            func,
+            TEST_TOOL,
+            self.exception_recorders + (ThrowRecorder,)
+        )
+        self.assertEqual(events[0], ("throw", IndexError))
+
 class LineRecorder:
 
     event_type = E.LINE
diff --git a/Misc/NEWS.d/next/Core and Builtins/2023-08-04-21-25-26.gh-issue-107724.EbBXMr.rst b/Misc/NEWS.d/next/Core and Builtins/2023-08-04-21-25-26.gh-issue-107724.EbBXMr.rst
new file mode 100644
index 00000000000..6e853cf72a3
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2023-08-04-21-25-26.gh-issue-107724.EbBXMr.rst	
@@ -0,0 +1,3 @@
+In pre-release versions of 3.12, up to rc1, the sys.monitoring callback
+function for the ``PY_THROW`` event was missing the third, exception
+argument. That is now fixed.
diff --git a/Python/ceval.c b/Python/ceval.c
index 1dc4fd80224..b966399a342 100644
--- a/Python/ceval.c
+++ b/Python/ceval.c
@@ -2039,7 +2039,7 @@ monitor_throw(PyThreadState *tstate,
     if (no_tools_for_event(tstate, frame, PY_MONITORING_EVENT_PY_THROW)) {
         return;
     }
-    _Py_call_instrumentation_exc0(tstate, PY_MONITORING_EVENT_PY_THROW, frame, instr);
+    do_monitor_exc(tstate, frame, instr, PY_MONITORING_EVENT_PY_THROW);
 }
 
 void
diff --git a/Python/instrumentation.c b/Python/instrumentation.c
index 123c20dfe1a..65ea7902a80 100644
--- a/Python/instrumentation.c
+++ b/Python/instrumentation.c
@@ -1081,16 +1081,6 @@ call_instrumentation_vector_protected(
     assert(_PyErr_Occurred(tstate));
 }
 
-void
-_Py_call_instrumentation_exc0(
-    PyThreadState *tstate, int event,
-    _PyInterpreterFrame *frame, _Py_CODEUNIT *instr)
-{
-    assert(_PyErr_Occurred(tstate));
-    PyObject *args[3] = { NULL, NULL, NULL };
-    call_instrumentation_vector_protected(tstate, event, frame, instr, 2, args);
-}
-
 void
 _Py_call_instrumentation_exc2(
     PyThreadState *tstate, int event,
diff --git a/Python/legacy_tracing.c b/Python/legacy_tracing.c
index 48db51731cf..7774d10b101 100644
--- a/Python/legacy_tracing.c
+++ b/Python/legacy_tracing.c
@@ -163,7 +163,7 @@ sys_trace_func2(
 }
 
 static PyObject *
-sys_trace_unwind(
+sys_trace_func3(
     _PyLegacyEventHandler *self, PyObject *const *args,
     size_t nargsf, PyObject *kwnames
 ) {
@@ -445,7 +445,7 @@ _PyEval_SetTrace(PyThreadState *tstate, Py_tracefunc func, PyObject *arg)
             return -1;
         }
         if (set_callbacks(PY_MONITORING_SYS_TRACE_ID,
-            (vectorcallfunc)sys_trace_func2, PyTrace_CALL,
+            (vectorcallfunc)sys_trace_func3, PyTrace_CALL,
                         PY_MONITORING_EVENT_PY_THROW, -1)) {
             return -1;
         }
@@ -470,7 +470,7 @@ _PyEval_SetTrace(PyThreadState *tstate, Py_tracefunc func, PyObject *arg)
             return -1;
         }
         if (set_callbacks(PY_MONITORING_SYS_TRACE_ID,
-            (vectorcallfunc)sys_trace_unwind, PyTrace_RETURN,
+            (vectorcallfunc)sys_trace_func3, PyTrace_RETURN,
                         PY_MONITORING_EVENT_PY_UNWIND, -1)) {
             return -1;
         }