diff --git a/CHANGELOG b/CHANGELOG
index baec454..255ed49 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,6 @@
+0.5.4
+- TODO: document changes
+
 0.5.3
 - apply patch for Issue 29 by Jonathan Ellis
 - fix Issue 52 by removing needless parameters from object.__new__ calls
diff --git a/setup.py b/setup.py
index e49099e..2ffe8a0 100644
--- a/setup.py
+++ b/setup.py
@@ -16,7 +16,7 @@ test_requirements = ['nose >= 0.10']
 
 setup(
     name = "sqlalchemy-migrate",
-    version = "0.5.3",
+    version = "0.5.4",
     packages = find_packages(exclude=['test*']),
     include_package_data = True,
     description = "Database schema migration for SQLAlchemy",