diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index ca5a6563f..6a351378e 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -5,6 +5,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "3.7.3.dev0"
+version = __version__ = "3.8.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index d812be1b0..c3e2b611e 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+3.8.0 (released 2017-03-05)
+---------------------------
+
 - New pens: MomentsPen, StatisticsPen, RecordingPen, and TeePen.
 - [misc] Added new ``fontTools.misc.symfont`` module, for symbolic font
   statistical analysis; requires ``sympy`` (http://www.sympy.org/en/index.html)
diff --git a/setup.cfg b/setup.cfg
index d0bc97b82..02b5ce7c7 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 3.7.3.dev0
+current_version = 3.8.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 21a8aac00..a0526d4fb 100755
--- a/setup.py
+++ b/setup.py
@@ -309,7 +309,7 @@ def find_data_files(manpath="share/man"):
 
 setup(
 	name="fonttools",
-	version="3.7.3.dev0",
+	version="3.8.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",