diff --git a/setup.py b/setup.py
index 7aca1200b..82fbffd66 100755
--- a/setup.py
+++ b/setup.py
@@ -50,7 +50,7 @@ TrueType/OpenType fonts to and from an XML-based format.
 
 setup(
 		name = "fonttools",
-		version = "3.0",
+		version = "3.1",
 		description = "Tools to manipulate font files",
 		author = "Just van Rossum",
 		author_email = "just@letterror.com",