diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8a811a7852..2549a3b5df 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,11 @@
+## 0.7.1 (Unreleased)
+
+FEATURES:
+
+IMPROVEMENTS:
+
+BUG FIXES:
+
 ## 0.7.0 (August 2, 2016)
 
 BACKWARDS INCOMPATIBILITIES / NOTES:
diff --git a/terraform/version.go b/terraform/version.go
index f428202145..ae5f1f7cba 100644
--- a/terraform/version.go
+++ b/terraform/version.go
@@ -7,12 +7,12 @@ import (
 )
 
 // The main version number that is being run at the moment.
-const Version = "0.7.0"
+const Version = "0.7.1"
 
 // A pre-release marker for the version. If this is "" (empty string)
 // then it means that it is a final release. Otherwise, this is a pre-release
 // such as "dev" (in development), "beta", "rc1", etc.
-const VersionPrerelease = ""
+const VersionPrerelease = "dev"
 
 // SemVersion is an instance of version.Version. This has the secondary
 // benefit of verifying during tests and init time that our version is a