diff --git a/Rakefile b/Rakefile
index 8e75f0b..d1cfb6e 100644
--- a/Rakefile
+++ b/Rakefile
@@ -23,8 +23,8 @@
 require "buildr/hibernate"
 
 # Keep this structure to allow the build system to update version numbers.
-VERSION_NUMBER = "1.3.1-SNAPSHOT"
-NEXT_VERSION = "1.3.2"
+VERSION_NUMBER = "1.3.2"
+NEXT_VERSION = "1.3.3"
 
 ANNONGEN            = "annogen:annogen:jar:0.1.0"
 ANT                 = "ant:ant:jar:1.6.5"