diff --git a/CHANGES b/CHANGES
index 68b42d94..0e58331a 100644
--- a/CHANGES
+++ b/CHANGES
@@ -3,6 +3,11 @@ Flask Changelog
 
 Here you can see the full list of changes between each Flask release.
 
+Version 0.6
+-----------
+
+Release date to be announced, codename to be decided.
+
 Version 0.5
 -----------
 
diff --git a/setup.py b/setup.py
index dd3561da..b97a33f7 100644
--- a/setup.py
+++ b/setup.py
@@ -50,7 +50,7 @@ def run_tests():
 
 setup(
     name='Flask',
-    version='0.5',
+    version='0.6',
     url='http://github.com/mitsuhiko/flask/',
     license='BSD',
     author='Armin Ronacher',