diff --git a/cryptography/__about__.py b/cryptography/__about__.py
index 2d2c698..21e56ac 100644
--- a/cryptography/__about__.py
+++ b/cryptography/__about__.py
@@ -22,7 +22,7 @@
                "recipes and primitives to Python developers.")
 __uri__ = "https://github.com/pyca/cryptography"
 
-__version__ = "0.2"
+__version__ = "0.3.dev1"
 
 __author__ = "The cryptography developers"
 __email__ = "cryptography-dev@python.org"
diff --git a/docs/changelog.rst b/docs/changelog.rst
index d800c77..b4c9a55 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,6 +1,11 @@
 Changelog
 =========
 
+0.3 - 2014-XX-XX
+~~~~~~~~~~~~~~~~
+
+**In development**
+
 0.2 - 2014-02-20
 ~~~~~~~~~~~~~~~~