diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0851479a5..7c1382e92 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 0.8.7 (unreleased)
+
+
+
 ## 0.8.6 (August 28, 2011)
 
   - Fix issue with download progress not properly clearing the line. [GH-476]
diff --git a/lib/vagrant/version.rb b/lib/vagrant/version.rb
index 54a0e8dfc..99f6e4ef8 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 = "0.8.6"
+  VERSION = "0.8.7.dev"
 end