diff --git a/CHANGES b/CHANGES
index c324fac..9d9062f 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,4 +1,6 @@
 
+####################### V 1.7.4.0:
+
 Security:
 	Buffer size option (-b) is internally doubled for CR-CRLF conversion,
 	but not	checked for integer overflow. This could lead to heap based
diff --git a/README b/README
index 7d7b86e..01ab67f 100644
--- a/README
+++ b/README
@@ -75,7 +75,7 @@ install
 
 Get the tarball and extract it:
 	tar xzf socat.tar.gz
-	cd socat-1.7.3.0
+	cd socat-1.7.4.0
 	./configure
 	make
 	su
diff --git a/VERSION b/VERSION
index 5bd265d..e58dfd5 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-"1.7.3.4+"
+"1.7.4.0"