diff --git a/Makefile b/Makefile
index 3482799ba08..4ad1cbd0ac0 100644
--- a/Makefile
+++ b/Makefile
@@ -162,10 +162,10 @@ ultrix-gcc:
 
 # Rules for making release tarballs
 
-DIRECTORY = Mesa-7.0
-LIB_NAME = MesaLib-7.0
-DEMO_NAME = MesaDemos-7.0
-GLUT_NAME = MesaGLUT-7.0
+DIRECTORY = Mesa-7.0.1
+LIB_NAME = MesaLib-7.0.1
+DEMO_NAME = MesaDemos-7.0.1
+GLUT_NAME = MesaGLUT-7.0.1
 
 MAIN_FILES = \
 	$(DIRECTORY)/Makefile*						\
diff --git a/configs/default b/configs/default
index a7de3f813d6..81f0338b271 100644
--- a/configs/default
+++ b/configs/default
@@ -9,8 +9,8 @@ CONFIG_NAME = default
 
 # Version info
 MESA_MAJOR=7
-MESA_MINOR=1
-MESA_TINY=0
+MESA_MINOR=0
+MESA_TINY=1
 
 # external projects.  This should be useless now that we use libdrm.
 DRM_SOURCE_PATH=$(TOP)/../drm
diff --git a/src/mesa/main/version.h b/src/mesa/main/version.h
index afc0bc2ec91..2c84579918d 100644
--- a/src/mesa/main/version.h
+++ b/src/mesa/main/version.h
@@ -1,6 +1,6 @@
 /*
  * Mesa 3-D graphics library
- * Version:  7.0
+ * Version:  7.0.1
  *
  * Copyright (C) 1999-2007  Brian Paul   All Rights Reserved.
  *
@@ -30,8 +30,8 @@
 /* Mesa version */
 #define MESA_MAJOR 7
 #define MESA_MINOR 0
-#define MESA_PATCH 0
-#define MESA_VERSION_STRING "7.0"
+#define MESA_PATCH 1
+#define MESA_VERSION_STRING "7.0.1"
 
 /* To make version comparison easy */
 #define MESA_VERSION(a,b,c) (((a) << 16) + ((b) << 8) + (c))