bump to 2.7.7rc1
diff --git a/Misc/NEWS b/Misc/NEWS
index f1dd6ff..020dc6e 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -2,10 +2,10 @@
 Python News
 +++++++++++
 
-What's New in Python 2.7.7?
-===========================
+What's New in Python 2.7.7 release candidate 1?
+===============================================
 
-*Release date: XXXX-XX-XX*
+*Release date: 2014-05-17*
 
 Core and Builtins
 -----------------