diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4de86360a..3b7ac3f19 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # CHANGELOG
 
+## v1.5.0
+
+* Placeholder
+
 ## v1.4.12
 
 * Fix OS X flaky test failure (#189).
diff --git a/oauth2client/__init__.py b/oauth2client/__init__.py
index 3ef1fd97a..b989c5f8b 100644
--- a/oauth2client/__init__.py
+++ b/oauth2client/__init__.py
@@ -14,7 +14,7 @@
 
 """Client library for using OAuth2, especially with Google APIs."""
 
-__version__ = '1.4.12'
+__version__ = '1.5.0'
 
 GOOGLE_AUTH_URI = 'https://accounts.google.com/o/oauth2/auth'
 GOOGLE_DEVICE_URI = 'https://accounts.google.com/o/oauth2/device/code'