diff --git a/setup.py b/setup.py
index 4c77db894..84bd2e94e 100644
--- a/setup.py
+++ b/setup.py
@@ -28,7 +28,7 @@
 
 NAME = "deluge"
 FULLNAME = "Deluge BitTorrent Client"
-VERSION	= "0.5.4.1.95"
+VERSION	= "0.5.5"
 AUTHOR = "Zach Tibbitts, Alon Zakai, Marcos Pinto, Andrew Resch, Alex Dedul"
 EMAIL = "zach@collegegeek.org, kripkensteiner@gmail.com, marcospinto@dipconsultants.com, alonzakai@gmail.com, rotmer@gmail.com"
 DESCRIPTION    = "A bittorrent client written in PyGTK"
diff --git a/src/common.py b/src/common.py
index 4a649683a..52e9bb4b3 100644
--- a/src/common.py
+++ b/src/common.py
@@ -32,7 +32,7 @@ import os
 import xdg.BaseDirectory
 
 PROGRAM_NAME = "Deluge"
-PROGRAM_VERSION = "0.5.4.1.95"
+PROGRAM_VERSION = "0.5.5"
 
 CLIENT_CODE = "DE"
 CLIENT_VERSION = "".join(PROGRAM_VERSION.split('.'))+"0"*(4 - len(PROGRAM_VERSION.split('.')))