diff --git a/package.json b/package.json
index 159788e697..5a8ad59580 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
     "name": "typescript",
     "author": "Microsoft Corp.",
     "homepage": "http://typescriptlang.org/",
-    "version": "3.1.0",
+    "version": "3.2.0",
     "license": "Apache-2.0",
     "description": "TypeScript is a language for application scale JavaScript development",
     "keywords": [
diff --git a/src/compiler/core.ts b/src/compiler/core.ts
index 22fc19bcc8..db18d8c955 100644
--- a/src/compiler/core.ts
+++ b/src/compiler/core.ts
@@ -1,7 +1,7 @@
 namespace ts {
     // WARNING: The script `configureNightly.ts` uses a regexp to parse out these values.
     // If changing the text in this section, be sure to test `configureNightly` too.
-    export const versionMajorMinor = "3.1";
+    export const versionMajorMinor = "3.2";
     /** The version of the TypeScript compiler release */
     export const version = `${versionMajorMinor}.0-dev`;
 }