diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 00000000000..4247eabd0e8
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,42 @@
+Ansible Changes By Release
+==========================
+
+0.4 "Unchained" ------- in progress
+
+* See the CHANGELOG.md file on the devel branch for a summary
+
+0.3 "Baluchitherium" -- April 23, 2012
+
+* Packaging for Debian, Gentoo, and Arch
+* Improvements to the apt and yum modules
+* A virt module
+* SELinux support for the file module
+* Ability to use facts from other systems in templates (aka exported
+resources like support)
+* Built in Ansible facts so you don't need ohai, facter, or Ruby
+* tempdir selections that work with noexec mounted /tmp
+* templates happen locally, not remotely, so no dependency on
+python-jinja2 for remote computers
+* advanced inventory format in YAML allows more control over variables
+per host and per group
+* variables in playbooks can be structured/nested versus just a flat namespace
+* manpage upgrades (docs)
+* various bugfixes
+* can specify a default --user for playbooks rather than specifying it
+in the playbook file
+* able to specify ansible port in ansible host file (see docs)
+* refactored Inventory API to make it easier to write scripts using Ansible
+* looping capability for playbooks (with_items)
+* support for using sudo with a password
+* module arguments can be unicode
+* A local connection type, --connection=local,  for use with cron or
+in kickstarts
+* better module debugging with -D
+* fetch module for pulling in files from remote hosts
+* command task supports creates=foo for idempotent semantics, won't
+run if file foo already exists 
+
+0.0.2 and 0.0.1
+
+* Initial stages of project
+
diff --git a/README.md b/README.md
index 468eb3192ba..312529eb148 100644
--- a/README.md
+++ b/README.md
@@ -24,6 +24,15 @@ Get Involved
    * [ansible-project mailing list](http://groups.google.com/group/ansible-project)
    * irc.freenode.net: #ansible
 
+Branch Info
+===========
+
+   * The master branch corresponds to release 0.3 "Baluchitherium".
+   * Bug fixes WILL be periodically made to the master branch.
+   * The devel branch corresponds to release 0.4 "Unchained".
+   * Note: sudo support works much better in 0.4/devel, consider trying it.
+   * See CHANGELOG.md for release notes to track each release.
+
 Patch Instructions
 ==================