diff --git a/compressor/__init__.py b/compressor/__init__.py
index 31ed6a6..ad83c11 100644
--- a/compressor/__init__.py
+++ b/compressor/__init__.py
@@ -1,4 +1,4 @@
-VERSION = (0, 7, 1, "f", 0)  # following PEP 386
+VERSION = (0, 8, 0, "f", 0)  # following PEP 386
 DEV_N = None
 
 
diff --git a/docs/changelog.txt b/docs/changelog.txt
index c1cb7a8..d613db1 100644
--- a/docs/changelog.txt
+++ b/docs/changelog.txt
@@ -1,8 +1,8 @@
 Changelog
 =========
 
-HEAD
-----
+0.8
+---
 
 - Replace naive jsmin.py with rJSmin (http://opensource.perlig.de/rjsmin/)
   and fixed a few problems with JavaScript comments.
diff --git a/docs/conf.py b/docs/conf.py
index 2fd5d60..b9b810a 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -48,9 +48,9 @@ copyright = u'2011, Django Compressor authors'
 # built documents.
 #
 # The short X.Y version.
-version = '0.7'
+version = '0.8'
 # The full version, including alpha/beta/rc tags.
-release = '0.7.1'
+release = '0.8'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.