diff --git a/NEWS b/NEWS
index 0ae60ccd..c0b75a20 100644
--- a/NEWS
+++ b/NEWS
@@ -2,7 +2,7 @@
 User visible changes for UPX
 ==================================================================
 
-Changes in 1.10 beta (20 Dec 2000):
+Changes in 1.11 beta (20 Dec 2000):
   * UNSTABLE BETA VERSION - DO NOT USE EXCEPT FOR TESTING!!! REALLY.
   * vmlinuz/386: new format - UPX now supports bootable linux kernels
   * linux/386: added the new direct-to-memory executable formats - no
diff --git a/src/version.h b/src/version.h
index e36d264f..b3bc52f6 100644
--- a/src/version.h
+++ b/src/version.h
@@ -1,3 +1,3 @@
-#define UPX_VERSION             0x011000        /* 01.10.00 */
-#define UPX_VERSION_STRING      "1.10"
+#define UPX_VERSION             0x011100        /* 01.11.00 */
+#define UPX_VERSION_STRING      "1.11"
 #define UPX_VERSION_DATE        "Dec 20th 2000"