diff --git a/CMakeLists.txt b/CMakeLists.txt
index 080b9d732..d03ca192f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -31,8 +31,8 @@ PROJECT(OpenSceneGraph)
 
 SET(OPENSCENEGRAPH_MAJOR_VERSION 2)
 SET(OPENSCENEGRAPH_MINOR_VERSION 7)
-SET(OPENSCENEGRAPH_PATCH_VERSION 4)
-SET(OPENSCENEGRAPH_SOVERSION 49)
+SET(OPENSCENEGRAPH_PATCH_VERSION 5)
+SET(OPENSCENEGRAPH_SOVERSION 50)
 
 # set to 0 when not a release candidate, non zero means that any generated 
 # svn tags will be treated as release candidates of given number
diff --git a/include/osg/Version b/include/osg/Version
index de1cfd670..c0ae6f024 100644
--- a/include/osg/Version
+++ b/include/osg/Version
@@ -21,8 +21,8 @@ extern "C" {
 
 #define OPENSCENEGRAPH_MAJOR_VERSION    2
 #define OPENSCENEGRAPH_MINOR_VERSION    7
-#define OPENSCENEGRAPH_PATCH_VERSION    4
-#define OPENSCENEGRAPH_SOVERSION        49
+#define OPENSCENEGRAPH_PATCH_VERSION    5
+#define OPENSCENEGRAPH_SOVERSION        50
 
 /**
   * osgGetVersion() returns the library version number.
diff --git a/packaging/pkgconfig/openscenegraph.pc b/packaging/pkgconfig/openscenegraph.pc
index 8bc251873..8fc98bdb6 100644
--- a/packaging/pkgconfig/openscenegraph.pc
+++ b/packaging/pkgconfig/openscenegraph.pc
@@ -7,7 +7,7 @@ includedir=${prefix}/include
 
 Name: openscenegraph
 Description: 3D scenegraph
-Version: 2.7.4
+Version: 2.7.5
 Requires: openthreads
 Conflicts:
 Libs: -L${libdir} -losg -losgDB -losgFX -losgGA -losgParticle -losgSim -losgText -losgUtil -losgTerrain -losgManipulator -losgViewer -losgWidget