diff --git a/build.xml b/build.xml
index 26fde7a2f4..b2025e35b8 100644
--- a/build.xml
+++ b/build.xml
@@ -51,7 +51,7 @@ under the License.
 
     <description>The Apache POI project Ant build.</description>
 
-    <property name="version.id" value="3.7-beta4"/>
+    <property name="version.id" value="3.8-beta1"/>
 
     <property environment="env"/>
     <!-- the repository to download jars from -->
diff --git a/src/documentation/content/xdocs/status.xml b/src/documentation/content/xdocs/status.xml
index a0cf1a988a..979e81ce54 100644
--- a/src/documentation/content/xdocs/status.xml
+++ b/src/documentation/content/xdocs/status.xml
@@ -33,7 +33,10 @@
     </developers>
 
     <changes>
-        <release version="3.7-beta4" date="2010-??-??">
+        <release version="3.8-beta1" date="2010-??-??">
+          
+        </release>
+        <release version="3.7" date="2010-10-25">
            <action dev="poi-developers" type="fix">50075 - avoid NPE in ListLevel.getNumberText() when numberText is null </action>
            <action dev="poi-developers" type="fix">50067 - marked commons-logging and log4j as optional dependencies in POI poms</action>
            <action dev="poi-developers" type="add">49928 - allow overridden built-in formats in XSSFCellStyle</action>
diff --git a/src/documentation/release-guide.txt b/src/documentation/release-guide.txt
index c51c75ef0b..4576c1b96a 100644
--- a/src/documentation/release-guide.txt
+++ b/src/documentation/release-guide.txt
@@ -184,3 +184,4 @@ You should see [INFO] BUILD SUCCESSFUL in the end.
 
 Note, announcements should be sent from your @apache.org e-mail address.
 
+10. add a new project version in Bugzilla