diff --git a/doc/whats-new.rst b/doc/whats-new.rst
index ad55e20aecf..c26a8b8a387 100644
--- a/doc/whats-new.rst
+++ b/doc/whats-new.rst
@@ -1,8 +1,8 @@
 What's New
 ==========
 
-v0.3.1 (not yet released)
---------------------------
+v0.3.1 (22 October, 2014)
+-------------------------
 
 This is mostly a bug-fix release to make xray compatible with the latest
 release of pandas (v0.15).
diff --git a/setup.py b/setup.py
index 7fac93ca410..443573e53c0 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@
 MAJOR = 0
 MINOR = 3
 MICRO = 1
-ISRELEASED = False
+ISRELEASED = True
 VERSION = '%d.%d.%d' % (MAJOR, MINOR, MICRO)
 QUALIFIER = ''