diff --git a/NEWS b/NEWS
index 274fb5d3..edd6b2e3 100644
--- a/NEWS
+++ b/NEWS
@@ -2,6 +2,8 @@
 User visible changes for UPX
 ==================================================================
 
+Changes in 3.02 (XX XXX 2007):
+
 Changes in 3.01 (31 Jul 2007):
   * new options --no-mode, --no-owner and --no-time to disable preservation
     of mode (file permissions), file ownership and timestamps.
diff --git a/src/version.h b/src/version.h
index ec87486a..3b0215a8 100644
--- a/src/version.h
+++ b/src/version.h
@@ -1,6 +1,6 @@
-#define UPX_VERSION_HEX         0x030100        /* 03.01.00 */
-#define UPX_VERSION_STRING      "3.01"
-#define UPX_VERSION_STRING4     "3.01"
-#define UPX_VERSION_DATE        "Jul 31st 2007"
-#define UPX_VERSION_DATE_ISO    "2007-07-31"
+#define UPX_VERSION_HEX         0x030200        /* 03.02.00 */
+#define UPX_VERSION_STRING      "3.02"
+#define UPX_VERSION_STRING4     "3.02"
+#define UPX_VERSION_DATE        "Aug 1st 2007"
+#define UPX_VERSION_DATE_ISO    "2007-08-01"
 #define UPX_VERSION_YEAR        "2007"