diff --git a/VERSION b/VERSION
index 7bcd0e3612da7c..be586341736ee6 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.0.2
\ No newline at end of file
+0.3
diff --git a/lib/ansible/__init__.py b/lib/ansible/__init__.py
index 1ea0127ab18354..2cef95389794d3 100644
--- a/lib/ansible/__init__.py
+++ b/lib/ansible/__init__.py
@@ -14,5 +14,5 @@
 #
 # You should have received a copy of the GNU General Public License
 # along with Ansible.  If not, see <http://www.gnu.org/licenses/>.
-__version__ = '0.0.2'
+__version__ = '0.3'
 __author__ = 'Michael DeHaan'
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index b0fe3944986810..fa04a4976c77d0 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,3 +1,9 @@
+ansible (0.3) debian; urgency=low
+
+  * 0.3 update
+
+ -- Michael DeHaan <michael.dehaan@gmail.com> Mon, 23 Apr 2012 11:08:00 -0400
+
 ansible (0.0.2) debian; urgency=low
 
   * Initial Release
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index 9a394d5135931e..e0d199c93b6d33 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -6,7 +6,7 @@ BuildRoot: %{_tmppath}/%{name}-%{version}-%{release}-buildroot
 Name: ansible
 Release: 1%{?dist}
 Summary: Minimal SSH command and control
-Version: 0.0.2
+Version: 0.3
 
 Group: Development/Libraries
 License: GPLv3
@@ -58,6 +58,9 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Mon Apr 23 2012 Michael DeHaan <mdehaan@redhat.com> - 0.3-1
+- Release of 0.3
+
 * Tue Apr  3 2012 John Eckersberg <jeckersb@redhat.com> - 0.0.2-1
 - Release of 0.0.2