diff --git a/CMakeLists.txt b/CMakeLists.txt
index 6557dabca..c95864b52 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -37,8 +37,8 @@ PROJECT(OpenSceneGraph)
 
 SET(OPENSCENEGRAPH_MAJOR_VERSION 3)
 SET(OPENSCENEGRAPH_MINOR_VERSION 1)
-SET(OPENSCENEGRAPH_PATCH_VERSION 7)
-SET(OPENSCENEGRAPH_SOVERSION 97)
+SET(OPENSCENEGRAPH_PATCH_VERSION 8)
+SET(OPENSCENEGRAPH_SOVERSION 98)
 
 # 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 730d7e1c6..07e2bc28e 100644
--- a/include/osg/Version
+++ b/include/osg/Version
@@ -20,8 +20,8 @@ extern "C" {
 
 #define OPENSCENEGRAPH_MAJOR_VERSION    3
 #define OPENSCENEGRAPH_MINOR_VERSION    1
-#define OPENSCENEGRAPH_PATCH_VERSION    7
-#define OPENSCENEGRAPH_SOVERSION        97
+#define OPENSCENEGRAPH_PATCH_VERSION    8
+#define OPENSCENEGRAPH_SOVERSION        98
 
 /* Convenience macro that can be used to decide whether a feature is present or not i.e.
  * #if OSG_MIN_VERSION_REQUIRED(2,9,5)