diff --git a/CHANGES.md b/CHANGES.md
index 3fe33c1d..b0499938 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,9 @@
+### 0.3.5
+(not yet released)
+
+- ...
+
+
 ### 0.3.4
 (January 23rd, 2013)
 
diff --git a/rq/version.py b/rq/version.py
index 46df43f1..8e18e5ba 100644
--- a/rq/version.py
+++ b/rq/version.py
@@ -1 +1 @@
-VERSION = '0.3.4'
+VERSION = '0.3.5-dev'