diff --git a/README.md b/README.md
index dcb3e4b03..265e19d26 100644
--- a/README.md
+++ b/README.md
@@ -142,7 +142,7 @@ fn void main()
 
 ### Current status
 
-The current stable version of the compiler is **version 0.7.3**.
+The current stable version of the compiler is **version 0.7.4**.
 
 The upcoming 0.7.x releases will focus on expanding the standard library,
 fixing bugs and improving compile time analysis. 
diff --git a/src/version.h b/src/version.h
index 72f6c1279..b6afad39d 100644
--- a/src/version.h
+++ b/src/version.h
@@ -1,2 +1,2 @@
 #define COMPILER_VERSION "0.7.4"
-#define PRERELEASE 1
+#define PRERELEASE 0