diff --git a/ChangeLog b/ChangeLog
index da2a24e86..14caacbe2 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+2011-04-14  Adam Fedor  <fedor@gnu.org>
+
+	* VERSION: Bump version
+
 2011-04-14  Adam Fedor  <fedor@gnu.org>
 
 	* Version 1.22.0
diff --git a/Version b/Version
index d1a5905a8..9a5fb30b2 100644
--- a/Version
+++ b/Version
@@ -6,10 +6,10 @@ GCC_VERSION=2.9.5
 
 # The version number of this release.
 MAJOR_VERSION=1
-MINOR_VERSION=22
+MINOR_VERSION=23
 SUBMINOR_VERSION=0
 # numeric value should match above
-VERSION_NUMBER=122.0
+VERSION_NUMBER=123.0
 GNUSTEP_BASE_VERSION=${MAJOR_VERSION}.${MINOR_VERSION}.${SUBMINOR_VERSION}
 VERSION=${GNUSTEP_BASE_VERSION}