diff --git a/pep-0413.txt b/pep-0413.txt
index 556f820c7..9e26a3671 100644
--- a/pep-0413.txt
+++ b/pep-0413.txt
@@ -3,7 +3,7 @@ Title: Faster evolution of the Python Standard Library
 Version: $Revision$
 Last-Modified: $Date$
 Author: Nick Coghlan <ncoghlan@gmail.com>
-Status: Deferred
+Status: Withdrawn
 Type: Process
 Content-Type: text/x-rst
 Created: 2012-02-24
@@ -11,6 +11,23 @@ Post-History: 2012-02-24, 2012-02-25
 Resolution: TBD
 
 
+PEP Withdrawal
+==============
+
+With the acceptance of :pep:`453` meaning that ``pip`` will be available to
+most new Python users by default, this will hopefully reduce the pressure
+to add new modules to the standard library before they are sufficiently
+mature.
+
+The last couple of years have also seen increased usage of the model where
+a standard library package also has an equivalent available from the Python
+Package Index that also supports older versions of Python.
+
+Given these two developments and the level of engagement throughout the
+Python 3.4 release cycle, the PEP author no longer feels it would be
+appropriate to make such a fundamental change to the standard library
+development process.
+
 Abstract
 ========