diff --git a/build.xml b/build.xml
index 0804674305c5..72ebd7b63c45 100644
--- a/build.xml
+++ b/build.xml
@@ -22,8 +22,8 @@
 	<property name="name2" value="hibernate3"/>
 	<property name="version.major" value="3"/>
 	<property name="version.minor" value="2"/>
-	<property name="version.micro" value="7"/>
-    <property name="version.qualifier" value="ga"/>
+	<property name="version.micro" value="8"/>
+    <property name="version.qualifier" value="SNAPSHOT"/>
     <property name="version.full" value="${version.major}.${version.minor}.${version.micro}.${version.qualifier}"/>
     <property name="version.major_minor" value="${version.major}.${version.minor}"/>
     <property name="fullname" value="${name}-${version.full}"/>
diff --git a/doc/reference/en/master.xml b/doc/reference/en/master.xml
index 3f7480307b4e..53ad5d8aab39 100644
--- a/doc/reference/en/master.xml
+++ b/doc/reference/en/master.xml
@@ -33,7 +33,7 @@
     <bookinfo>
         <title>HIBERNATE - Relational Persistence for Idiomatic Java</title>
         <subtitle>Hibernate Reference Documentation</subtitle>
-        <releaseinfo>3.2.7</releaseinfo>
+        <releaseinfo>3.2.8-SNAPSHOT</releaseinfo>
     </bookinfo>
 
     <toc/>
diff --git a/src/org/hibernate/cfg/Environment.java b/src/org/hibernate/cfg/Environment.java
index 3afb2272b973..9f1b0c69df6b 100644
--- a/src/org/hibernate/cfg/Environment.java
+++ b/src/org/hibernate/cfg/Environment.java
@@ -153,7 +153,7 @@
  */
 public final class Environment {
 
-	public static final String VERSION = "3.2.7";
+	public static final String VERSION = "3.2.8-SNAPSHOT";
 
 	/**
 	 * <tt>ConnectionProvider</tt> implementor to use when obtaining connections