diff --git a/build/build.xml b/build/build.xml
index 0f35dc027..158c8b059 100644
--- a/build/build.xml
+++ b/build/build.xml
@@ -27,7 +27,7 @@
     <!-- Smack Version -->
     <property name="version.major" value="3" />
     <property name="version.minor" value="2" />
-    <property name="version.revision" value="0" />
+    <property name="version.revision" value="1" />
     <property name="version.extra" value="" /> 
 
     <if>
diff --git a/build/resources/releasedocs/changelog.html b/build/resources/releasedocs/changelog.html
index 13e9500a8..8e7c67621 100644
--- a/build/resources/releasedocs/changelog.html
+++ b/build/resources/releasedocs/changelog.html
@@ -141,6 +141,17 @@ hr {
 
 	<div id="pageBody">
 	
+<h2>3.2.1 -- <span style="font-weight: normal;">July 4, 2011</span></h2>
+<h3>Bug</h3>
+<ul>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-129'>SMACK-129</a>] - MultiUserChat will Store Messages in its PacketCollector irregardless of whether or not they are being read</li>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-230'>SMACK-230</a>] - Disconnect Can Cause Null Pointer Exception</li>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-273'>SMACK-273</a>] - Bug in RoomListenerMultiplexor.java</li>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-329'>SMACK-329</a>] - XHTMLText uses improper format for br tag</li>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-338'>SMACK-338</a>] - IBB filetransfer doesn&#39;t work as expected</li>
+	<li>[<a href='http://issues.igniterealtime.org/browse/SMACK-324'>SMACK-324</a>] - Investigate SASL issue with jabberd2 servers</li>
+</ul>
+
 <h2>3.2.0 -- <span style="font-weight: normal;">May 3, 2011</span></h2>
 <h3>New Feature</h3>
 <ul>
diff --git a/source/org/jivesoftware/smack/SmackConfiguration.java b/source/org/jivesoftware/smack/SmackConfiguration.java
index 200ad39c3..5c4c931a3 100644
--- a/source/org/jivesoftware/smack/SmackConfiguration.java
+++ b/source/org/jivesoftware/smack/SmackConfiguration.java
@@ -44,7 +44,7 @@ import java.util.*;
  */
 public final class SmackConfiguration {
 
-    private static final String SMACK_VERSION = "3.2.0";
+    private static final String SMACK_VERSION = "3.2.1";
 
     private static int packetReplyTimeout = 5000;
     private static int keepAliveInterval = 30000;