diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48f778f31..4757a95ea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## 0.8.7 (unreleased)
+## 0.8.7 (September 13, 2011)
 
   - Fix regression with remote paths from chef-solo. [GH-431]
   - Fix issue where Vagrant crashes if `.vagrant` file becomes invalid. [GH-496]
diff --git a/lib/vagrant/version.rb b/lib/vagrant/version.rb
index 99f6e4ef8..9c35ab78b 100644
--- a/lib/vagrant/version.rb
+++ b/lib/vagrant/version.rb
@@ -2,5 +2,5 @@ module Vagrant
   # This will always be up to date with the current version of Vagrant,
   # since it is used to generate the gemspec and is also the source of
   # the version for `vagrant -v`
-  VERSION = "0.8.7.dev"
+  VERSION = "0.8.7"
 end