diff --git a/paramiko/__init__.py b/paramiko/__init__.py
index 9f2a8af..7935f83 100644
--- a/paramiko/__init__.py
+++ b/paramiko/__init__.py
@@ -60,7 +60,7 @@ if sys.version_info < (2, 2):
 
 
 __author__ = "Jeff Forcier <jeff@bitprophet.org>"
-__version__ = "1.7.14"
+__version__ = "1.8.0"
 __license__ = "GNU Lesser General Public License (LGPL)"
 
 
diff --git a/setup.py b/setup.py
index edd582c..96ed883 100644
--- a/setup.py
+++ b/setup.py
@@ -50,7 +50,7 @@ if sys.platform == 'darwin':
 
 
 setup(name = "paramiko",
-      version = "1.7.14",
+      version = "1.8.0",
       description = "SSH2 protocol library",
       author = "Jeff Forcier",
       author_email = "jeff@bitprophet.org",