diff --git a/README b/README
index 06084b9..2ce3fdb 100644
--- a/README
+++ b/README
@@ -9,7 +9,7 @@ paramiko
 :Homepage: http://www.lag.net/paramiko/
 
 
-paramiko 1.7.7.2
+paramiko 1.7.8
 ================
 
 Release of 16 May 2012
diff --git a/paramiko/__init__.py b/paramiko/__init__.py
index e8e55a4..6af46eb 100644
--- a/paramiko/__init__.py
+++ b/paramiko/__init__.py
@@ -47,7 +47,7 @@ released under the GNU Lesser General Public License (LGPL).
 
 Website: U{http://www.lag.net/paramiko/}
 
-@version: 1.7.7.2
+@version: 1.7.8
 @author: Robey Pointer
 @contact: robeypointer@gmail.com
 @license: GNU Lesser General Public License (LGPL)
@@ -59,10 +59,8 @@ if sys.version_info < (2, 2):
     raise RuntimeError('You need python 2.2 for this module.')
 
 
-__author__ = "Robey Pointer <robeypointer@gmail.com>"
-__date__ = "16 May 2012"
-__version__ = "1.7.7.2"
-__version_info__ = (1, 7, 7, 1)
+__author__ = "Jeff Forcier <jeff@bitprophet.org>"
+__version__ = "1.7.8"
 __license__ = "GNU Lesser General Public License (LGPL)"
 
 
diff --git a/setup.py b/setup.py
index 4a65934..884476d 100644
--- a/setup.py
+++ b/setup.py
@@ -48,7 +48,7 @@ if sys.platform == 'darwin':
 
 
 setup(name = "paramiko",
-      version = "1.7.7.2",
+      version = "1.7.8",
       description = "SSH2 protocol library",
       author = "Jeff Forcier",
       author_email = "jeff@bitprophet.org",