diff --git a/docs/HISTORY.txt b/docs/HISTORY.txt
index 78b4e9020..6be47d5d8 100644
--- a/docs/HISTORY.txt
+++ b/docs/HISTORY.txt
@@ -2,6 +2,11 @@
 Changelog
 =========
 
+1.5 (11/28/2010)
+----------------
+
+- Module and package fixes
+
 1.4 (11/28/2010)
 ----------------
 
diff --git a/setup.py b/setup.py
index 806598179..779b2600d 100644
--- a/setup.py
+++ b/setup.py
@@ -72,7 +72,7 @@ except ImportError:
 
 
 NAME = 'Pillow'
-VERSION = '1.4'
+VERSION = '1.5'
 PIL_VERSION = '1.1.7'
 TCL_ROOT = None
 JPEG_ROOT = None