post release version adjustment
diff --git a/Misc/NEWS b/Misc/NEWS
index 2ad6d49..978422f 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -4,6 +4,18 @@
 
 (editors: check NEWS.help for information about editing NEWS using ReST.)
 
+What's New in Python 2.7 alpha 3?
+=================================
+
+*Release date: XXXX-XX-XX*
+
+Core and Builtins
+-----------------
+
+Library
+-------
+
+
 What's New in Python 2.7 alpha 2?
 =================================