diff --git a/README.md b/README.md
index c9cbab567..67cf0f49f 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@
 
 #
 [![Build Status](https://travis-ci.org/phpList/phplist3.svg?branch=master)](https://travis-ci.org/phpList/phplist3)
-[![Stable release](https://img.shields.io/badge/stable-3.4.6-blue.svg)](https://sourceforge.net/projects/phplist/files/phplist/)
+[![Stable release](https://img.shields.io/badge/stable-3.4.7-blue.svg)](https://sourceforge.net/projects/phplist/files/phplist/)
 [![License](https://poser.pugx.org/phplist/phplist4-core/license.svg)](https://www.gnu.org/licenses/agpl-3.0.en.html)
 
 Fully functional Open Source email marketing manager for creating, sending, integrating, and analysing email campaigns and newsletters: [https://www.phplist.org](https://www.phplist.org)
diff --git a/VERSION b/VERSION
index fb9a6ac44..bd6e8afe7 100644
--- a/VERSION
+++ b/VERSION
@@ -1,5 +1,5 @@
 # file that keeps track of the latest tag in cvs and the corresponding version
 # this automates publishing a new version, when it's tagged
 # if you don't understand this, don't worry. You don't need this file
-VERSION=3.4.6
-DEVVERSION=3.4.7
+VERSION=3.4.7
+DEVVERSION=3.4.8