diff --git a/py/mpconfig.h b/py/mpconfig.h
index d4a9f3c50c58..5601cc2f77b9 100644
--- a/py/mpconfig.h
+++ b/py/mpconfig.h
@@ -113,6 +113,13 @@
 #define MICROPY_OBJ_REPR (MICROPY_OBJ_REPR_A)
 #endif
 
+// Whether to encode None/False/True as immediate objects instead of pointers to
+// real objects.  Reduces code size by a decent amount without hurting
+// performance, for all representations except D on some architectures.
+#ifndef MICROPY_OBJ_IMMEDIATE_OBJS
+#define MICROPY_OBJ_IMMEDIATE_OBJS (MICROPY_OBJ_REPR != MICROPY_OBJ_REPR_D)
+#endif
+
 /*****************************************************************************/
 /* Memory allocation policy                                                  */
 
diff --git a/py/obj.c b/py/obj.c
index f2a884754340..6aacfb9cf241 100644
--- a/py/obj.c
+++ b/py/obj.c
@@ -46,6 +46,11 @@ const mp_obj_type_t *mp_obj_get_type(mp_const_obj_t o_in) {
     } else if (mp_obj_is_float(o_in)) {
         return &mp_type_float;
     #endif
+    #if MICROPY_OBJ_IMMEDIATE_OBJS
+    } else if (mp_obj_is_immediate_obj(o_in)) {
+        static const mp_obj_type_t *const types[2] = {&mp_type_NoneType, &mp_type_bool};
+        return types[MP_OBJ_IMMEDIATE_OBJ_VALUE(o_in) & 1];
+    #endif
     } else {
         const mp_obj_base_t *o = MP_OBJ_TO_PTR(o_in);
         return o->type;
diff --git a/py/obj.h b/py/obj.h
index f0bb44a40399..93433f924d6e 100644
--- a/py/obj.h
+++ b/py/obj.h
@@ -263,13 +263,22 @@ typedef union _mp_rom_obj_t { uint64_t u64; struct { const void *lo, *hi; } u32;
 // Macros to create objects that are stored in ROM.
 
 #ifndef MP_ROM_NONE
+#if MICROPY_OBJ_IMMEDIATE_OBJS
+#define MP_ROM_NONE mp_const_none
+#else
 #define MP_ROM_NONE MP_ROM_PTR(&mp_const_none_obj)
 #endif
+#endif
 
 #ifndef MP_ROM_FALSE
+#if MICROPY_OBJ_IMMEDIATE_OBJS
+#define MP_ROM_FALSE mp_const_false
+#define MP_ROM_TRUE mp_const_true
+#else
 #define MP_ROM_FALSE MP_ROM_PTR(&mp_const_false_obj)
 #define MP_ROM_TRUE MP_ROM_PTR(&mp_const_true_obj)
 #endif
+#endif
 
 #ifndef MP_ROM_INT
 typedef mp_const_obj_t mp_rom_obj_t;
@@ -622,17 +631,27 @@ extern const mp_obj_type_t mp_type_ValueError;
 extern const mp_obj_type_t mp_type_ViperTypeError;
 extern const mp_obj_type_t mp_type_ZeroDivisionError;
 
-// Constant objects, globally accessible
-// The macros are for convenience only
+// Constant objects, globally accessible: None, False, True
+// These should always be accessed via the below macros.
+#if MICROPY_OBJ_IMMEDIATE_OBJS
+// None is even while False/True are odd so their types can be distinguished with 1 bit.
+#define mp_const_none MP_OBJ_NEW_IMMEDIATE_OBJ(0)
+#define mp_const_false MP_OBJ_NEW_IMMEDIATE_OBJ(1)
+#define mp_const_true MP_OBJ_NEW_IMMEDIATE_OBJ(3)
+#else
 #define mp_const_none (MP_OBJ_FROM_PTR(&mp_const_none_obj))
 #define mp_const_false (MP_OBJ_FROM_PTR(&mp_const_false_obj))
 #define mp_const_true (MP_OBJ_FROM_PTR(&mp_const_true_obj))
-#define mp_const_empty_bytes (MP_OBJ_FROM_PTR(&mp_const_empty_bytes_obj))
-#define mp_const_empty_tuple (MP_OBJ_FROM_PTR(&mp_const_empty_tuple_obj))
-#define mp_const_notimplemented (MP_OBJ_FROM_PTR(&mp_const_notimplemented_obj))
 extern const struct _mp_obj_none_t mp_const_none_obj;
 extern const struct _mp_obj_bool_t mp_const_false_obj;
 extern const struct _mp_obj_bool_t mp_const_true_obj;
+#endif
+
+// Constant objects, globally accessible: b'', (), Ellipsis, NotImplemented, GeneratorExit()
+// The below macros are for convenience only.
+#define mp_const_empty_bytes (MP_OBJ_FROM_PTR(&mp_const_empty_bytes_obj))
+#define mp_const_empty_tuple (MP_OBJ_FROM_PTR(&mp_const_empty_tuple_obj))
+#define mp_const_notimplemented (MP_OBJ_FROM_PTR(&mp_const_notimplemented_obj))
 extern const struct _mp_obj_str_t mp_const_empty_bytes_obj;
 extern const struct _mp_obj_tuple_t mp_const_empty_tuple_obj;
 extern const struct _mp_obj_singleton_t mp_const_ellipsis_obj;
diff --git a/py/objbool.c b/py/objbool.c
index 5755b188e98c..4c046ac8f2f2 100644
--- a/py/objbool.c
+++ b/py/objbool.c
@@ -28,21 +28,31 @@
 
 #include "py/runtime.h"
 
+#if MICROPY_OBJ_IMMEDIATE_OBJS
+
+#define BOOL_VALUE(o) ((o) == mp_const_false ? 0 : 1)
+
+#else
+
+#define BOOL_VALUE(o) (((mp_obj_bool_t*)MP_OBJ_TO_PTR(o))->value)
+
 typedef struct _mp_obj_bool_t {
     mp_obj_base_t base;
     bool value;
 } mp_obj_bool_t;
 
+#endif
+
 STATIC void bool_print(const mp_print_t *print, mp_obj_t self_in, mp_print_kind_t kind) {
-    mp_obj_bool_t *self = MP_OBJ_TO_PTR(self_in);
+    bool value = BOOL_VALUE(self_in);
     if (MICROPY_PY_UJSON && kind == PRINT_JSON) {
-        if (self->value) {
+        if (value) {
             mp_print_str(print, "true");
         } else {
             mp_print_str(print, "false");
         }
     } else {
-        if (self->value) {
+        if (value) {
             mp_print_str(print, "True");
         } else {
             mp_print_str(print, "False");
@@ -65,13 +75,13 @@ STATIC mp_obj_t bool_unary_op(mp_unary_op_t op, mp_obj_t o_in) {
     if (op == MP_UNARY_OP_LEN) {
         return MP_OBJ_NULL;
     }
-    mp_obj_bool_t *self = MP_OBJ_TO_PTR(o_in);
-    return mp_unary_op(op, MP_OBJ_NEW_SMALL_INT(self->value));
+    bool value = BOOL_VALUE(o_in);
+    return mp_unary_op(op, MP_OBJ_NEW_SMALL_INT(value));
 }
 
 STATIC mp_obj_t bool_binary_op(mp_binary_op_t op, mp_obj_t lhs_in, mp_obj_t rhs_in) {
-    mp_obj_bool_t *self = MP_OBJ_TO_PTR(lhs_in);
-    return mp_binary_op(op, MP_OBJ_NEW_SMALL_INT(self->value), rhs_in);
+    bool value = BOOL_VALUE(lhs_in);
+    return mp_binary_op(op, MP_OBJ_NEW_SMALL_INT(value), rhs_in);
 }
 
 const mp_obj_type_t mp_type_bool = {
@@ -83,5 +93,7 @@ const mp_obj_type_t mp_type_bool = {
     .binary_op = bool_binary_op,
 };
 
+#if !MICROPY_OBJ_IMMEDIATE_OBJS
 const mp_obj_bool_t mp_const_false_obj = {{&mp_type_bool}, false};
 const mp_obj_bool_t mp_const_true_obj = {{&mp_type_bool}, true};
+#endif
diff --git a/py/objnone.c b/py/objnone.c
index da1031835c71..271a8543f971 100644
--- a/py/objnone.c
+++ b/py/objnone.c
@@ -28,9 +28,11 @@
 
 #include "py/obj.h"
 
+#if !MICROPY_OBJ_IMMEDIATE_OBJS
 typedef struct _mp_obj_none_t {
     mp_obj_base_t base;
 } mp_obj_none_t;
+#endif
 
 STATIC void none_print(const mp_print_t *print, mp_obj_t self_in, mp_print_kind_t kind) {
     (void)self_in;
@@ -48,4 +50,6 @@ const mp_obj_type_t mp_type_NoneType = {
     .unary_op = mp_generic_unary_op,
 };
 
+#if !MICROPY_OBJ_IMMEDIATE_OBJS
 const mp_obj_none_t mp_const_none_obj = {{&mp_type_NoneType}};
+#endif