diff --git a/configure.ac b/configure.ac
index d602da3b05..dd3830b956 100644
--- a/configure.ac
+++ b/configure.ac
@@ -6,7 +6,7 @@ dnl not sure exactly what the minimum version is (but 2.13 wont work)
 AC_PREREQ(2.58)
 
 dnl Set the BOINC version here.  You can also use the set-version script.
-AC_INIT(BOINC, 7.15.0)
+AC_INIT(BOINC, 7.16.1)
 AC_CONFIG_MACRO_DIR([m4])
 LIBBOINC_VERSION=`echo ${PACKAGE_VERSION} | sed 's/\./:/g'`
 AC_SUBST([LIBBOINC_VERSION])
diff --git a/version.h b/version.h
index e825abfb6b..c2f04f8905 100644
--- a/version.h
+++ b/version.h
@@ -7,10 +7,10 @@
 #define BOINC_MAJOR_VERSION 7
 
 /* Minor part of BOINC version number */
-#define BOINC_MINOR_VERSION 15
+#define BOINC_MINOR_VERSION 16
 
 /* Release part of BOINC version number */
-#define BOINC_RELEASE 0
+#define BOINC_RELEASE 1
 
 /* Release part of wrapper version number */
 #define WRAPPER_RELEASE 26016
@@ -19,10 +19,10 @@
 #define VBOXWRAPPER_RELEASE 26202
 
 /* String representation of BOINC version number */
-#define BOINC_VERSION_STRING "7.15.0"
+#define BOINC_VERSION_STRING "7.16.1"
 
 /* Package is a pre-release (Alpha/Beta) package */
-#define BOINC_PRERELEASE 1
+//#define BOINC_PRERELEASE 1
 
 #if (defined(_WIN32) || defined(__APPLE__))
 /* Name of package */
@@ -35,13 +35,13 @@
 #define PACKAGE_NAME "BOINC"
 
 /* Define to the full name and version of this package. */
-#define PACKAGE_STRING "BOINC 7.15.0"
+#define PACKAGE_STRING "BOINC 7.16.1"
 
 /* Define to the one symbol short name of this package. */
 #define PACKAGE_TARNAME "boinc"
 
 /* Define to the version of this package. */
-#define PACKAGE_VERSION "7.15.0"
+#define PACKAGE_VERSION "7.16.1"
 
 #endif /* #if (defined(_WIN32) || defined(__APPLE__)) */
 
diff --git a/version.h.in b/version.h.in
index bc0e367c25..5eb8d1be8b 100644
--- a/version.h.in
+++ b/version.h.in
@@ -22,7 +22,7 @@
 #define BOINC_VERSION_STRING "@BOINC_VERSION_STRING@"
 
 /* Package is a pre-release (Alpha/Beta) package */
-#define BOINC_PRERELEASE 1
+//#define BOINC_PRERELEASE 1
 
 #if (defined(_WIN32) || defined(__APPLE__))
 /* Name of package */
diff --git a/version.log b/version.log
index 368fd8fd8d..0973ae3f41 100644
--- a/version.log
+++ b/version.log
@@ -1 +1 @@
-7.15.0
+7.16.1