diff --git a/Changelog b/Changelog
index 1ec00835..18603ca6 100644
--- a/Changelog
+++ b/Changelog
@@ -1,3 +1,6 @@
+0.5 ()
+	-
+
 O.4 (20080516)
 	- default username for finit-alt configurable in Makefile
 	- create loopback device node in finit-alt (for squashfs)
diff --git a/Makefile b/Makefile
index 1047e69c..f32360a1 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@ CFLAGS	= -Os -Wall -DVERSION=\"$(VERSION)\" -DWHOAMI=\"`whoami`@`hostname`\"
 LD	= gcc
 LDFLAGS	=
 LIBS	=
-VERSION	= 0.4
+VERSION	= 0.5-pre
 PKG	= finit-$(VERSION)
 DFILES	= Makefile README finit.c finit-mod.c finit-alt.c helpers.c helpers.h \
 	  patches/*patch contrib/services.sh*