diff --git a/CHANGELOG.md b/CHANGELOG.md
index 242728ed2..959c71714 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 0.7.5 (unreleased)
+
+
+
 ## 0.7.4 (May 12, 2011)
 
   - Chef environments support (for Chef 0.10) [GH-358]
diff --git a/lib/vagrant/version.rb b/lib/vagrant/version.rb
index 01fdda453..06a207dda 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 = "0.7.4"
+  VERSION = "0.7.5.dev"
 end