diff --git a/CHANGES b/CHANGES
index 6070be0a..5b4e2b8f 100644
--- a/CHANGES
+++ b/CHANGES
@@ -3,6 +3,11 @@ Flask Changelog
 
 Here you can see the full list of changes between each Flask release.
 
+Version 0.10.1
+--------------
+
+Pending bugfix release.
+
 Version 0.10
 ------------
 
diff --git a/flask/__init__.py b/flask/__init__.py
index 05a2744a..adbd3f1b 100644
--- a/flask/__init__.py
+++ b/flask/__init__.py
@@ -10,7 +10,7 @@
     :license: BSD, see LICENSE for more details.
 """
 
-__version__ = '0.10'
+__version__ = '0.10.1-dev'
 
 # utilities we import from Werkzeug and Jinja2 that are unused
 # in the module but are exported as public interface.
diff --git a/setup.py b/setup.py
index 743c241b..ebf6c060 100644
--- a/setup.py
+++ b/setup.py
@@ -78,7 +78,7 @@ class run_audit(Command):
 
 setup(
     name='Flask',
-    version='0.10',
+    version='0.10.1-dev',
     url='http://github.com/mitsuhiko/flask/',
     license='BSD',
     author='Armin Ronacher',