diff --git a/setup.py b/setup.py
index 8b9a155c3..3b76127bb 100644
--- a/setup.py
+++ b/setup.py
@@ -72,7 +72,7 @@ except ImportError:
 
 
 NAME = 'Pillow'
-VERSION = '1.7.2'
+VERSION = '1.7.4'
 PIL_VERSION = '1.1.7'
 TCL_ROOT = None
 JPEG_ROOT = None