diff --git a/docs/topics/release-notes.md b/docs/topics/release-notes.md
index ff3dae097..3b35d9ed6 100644
--- a/docs/topics/release-notes.md
+++ b/docs/topics/release-notes.md
@@ -40,7 +40,9 @@ You can determine your currently installed version using `pip freeze`:
 
 ## 2.3.x series
 
-### Master
+### 2.3.8
+
+**Date**: 11th September 2013
 
 * Added `DjangoObjectPermissions`, and `DjangoObjectPermissionsFilter`.
 * Support customizable exception handling, using the `EXCEPTION_HANDLER` setting.
diff --git a/rest_framework/__init__.py b/rest_framework/__init__.py
index 087808e0b..2bd2991ba 100644
--- a/rest_framework/__init__.py
+++ b/rest_framework/__init__.py
@@ -1,4 +1,4 @@
-__version__ = '2.3.7'
+__version__ = '2.3.8'
 
 VERSION = __version__  # synonym