diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 8d7ca29..3a8643c 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -23,11 +23,11 @@
 #define PY_MAJOR_VERSION	2
 #define PY_MINOR_VERSION	7
 #define PY_MICRO_VERSION	1
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
-#define PY_RELEASE_SERIAL	1
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
+#define PY_RELEASE_SERIAL	0
 
 /* Version as a string */
-#define PY_VERSION      	"2.7.1rc1+"
+#define PY_VERSION      	"2.7.1"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository) */
diff --git a/Lib/distutils/__init__.py b/Lib/distutils/__init__.py
index f9f9792..a82d4cb 100644
--- a/Lib/distutils/__init__.py
+++ b/Lib/distutils/__init__.py
@@ -15,5 +15,5 @@
 # Updated automatically by the Python release process.
 #
 #--start constants--
-__version__ = "2.7.1rc1"
+__version__ = "2.7.1"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index ff46726..b6e1a1d 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "2.7.1rc1"
+IDLE_VERSION = "2.7.1"
diff --git a/Misc/NEWS b/Misc/NEWS
index 72e93d9..a1bd67f 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -5,10 +5,7 @@
 What's New in Python 2.7.1?
 ===========================
 
-*Release date: XXXX-XX-XX*
-
-Core and Builtins
------------------
+*Release date: 2010-11-27*
 
 Library
 -------
diff --git a/Misc/RPM/python-2.7.spec b/Misc/RPM/python-2.7.spec
index dda80d9..dc437dd 100644
--- a/Misc/RPM/python-2.7.spec
+++ b/Misc/RPM/python-2.7.spec
@@ -39,7 +39,7 @@
 
 %define name python
 #--start constants--
-%define version 2.7.1rc1
+%define version 2.7.1
 %define libvers 2.7
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index d1da1c4..d9cdff9 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 2.7.1 release candidate 1
-================================================
+This is Python version 2.7.1
+============================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010
 Python Software Foundation.