Variable scope: inside or outside the loop

[Reshat Sabiq <sabiq at csociety dot ecn dot purdue dot edu>]

Stylistically i like and usually declare variables inside the loop, when
they are not used outside the loop, and no avoidable malloc overhead is
caused.
However, if the compiler is not smart enough to push and pop only once,
outside the loop, in this case each iteration of the loop will run with
the unnecessary overhead of push and pop.
Example:
while(i.hasNext()) {
	MyRef mr = (MyRef)i.next();
	// do something with mr
}
Should this be changed to:
MyRef mr;
while(i.hasNext()) {
	mr = (MyRef)i.next();
	// do something with mr
}

P.S. Does the answer change from Java, to C++, to VC++?
P.P.S. If there is no definitive answer, should the second approach be
used just out of caution?

Thanks,
<rsa/>