diff --git a/ChangeLog b/ChangeLog
index 92fa1c1..6ce16c6 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+2007-07-12  Herbert Xu <herbert@gondor.apana.org.au>
+
+	* Release 0.5.4.
+
 2007-05-12  Herbert Xu <herbert@gondor.apana.org.au>
 
 	* Fix redirect restore on closed file descriptors.
diff --git a/configure.ac b/configure.ac
index 01cac17..e0a94a8 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,4 +1,4 @@
-AC_INIT(dash, 0.5.3)
+AC_INIT(dash, 0.5.4)
 AM_INIT_AUTOMAKE([foreign])
 AC_CONFIG_SRCDIR([src/main.c])