diff --git a/CHANGES.md b/CHANGES.md
index 0b0265f7a..3fd63c816 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,8 @@
+0.2 (unreleased)
+----------------
+
+- No changes yet
+
 0.1 (2015-05-08)
 ----------------
 
diff --git a/setup.py b/setup.py
index 7de0568c9..05131bc21 100755
--- a/setup.py
+++ b/setup.py
@@ -43,7 +43,7 @@
 builtins._ASTROPY_PACKAGE_NAME_ = PACKAGENAME
 
 # VERSION should be PEP386 compatible (http://www.python.org/dev/peps/pep-0386)
-VERSION = '0.1'
+VERSION = '0.2.dev'
 
 # Indicates if this version is a release version
 RELEASE = 'dev' not in VERSION