diff --git a/setup.py b/setup.py
index 0660571bf..14c9f0e8c 100644
--- a/setup.py
+++ b/setup.py
@@ -28,7 +28,7 @@
 
 NAME = "deluge"
 FULLNAME = "Deluge BitTorrent Client"
-VERSION    = "0.5.6.96"
+VERSION    = "0.5.7.01"
 AUTHOR = "Zach Tibbitts, Alon Zakai, Marcos Pinto, Andrew Resch, Alex Dedul"
 EMAIL = "zach@collegegeek.org, kripkensteiner@gmail.com, marcospinto@dipconsultants.com, alonzakai@gmail.com, rotmer@gmail.com"
 DESCRIPTION    = "A GTK BitTorrent client written in Python and C++"
diff --git a/src/common.py b/src/common.py
index afdffce61..5117e785f 100644
--- a/src/common.py
+++ b/src/common.py
@@ -32,7 +32,7 @@ import os
 import xdg.BaseDirectory
 
 PROGRAM_NAME = "Deluge"
-PROGRAM_VERSION = "0.5.6.96"
+PROGRAM_VERSION = "0.5.7.01"
 
 CLIENT_CODE = "DE"
 CLIENT_VERSION = "".join(PROGRAM_VERSION.split('.'))+"0"*(4 - len(PROGRAM_VERSION.split('.')))