diff --git a/package.json b/package.json
index a52067a3d08..3e37519d128 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
 	"name": "typescript",
 	"author": "Microsoft Corp.",
 	"homepage": "http://typescriptlang.org/",
-	"version": "1.4.0",
+	"version": "1.5.0",
 	"licenses": [
 		{
 			"type": "Apache License 2.0", 
diff --git a/src/compiler/tsc.ts b/src/compiler/tsc.ts
index ee5dc5104ff..52a9fb110db 100644
--- a/src/compiler/tsc.ts
+++ b/src/compiler/tsc.ts
@@ -2,7 +2,7 @@
 /// <reference path="commandLineParser.ts"/>
 
 module ts {
-    var version = "1.4.0.0";
+    var version = "1.5.0.0";
 
     export interface SourceFile {
         fileWatcher: FileWatcher;
diff --git a/src/services/services.ts b/src/services/services.ts
index 2a1fe59d23a..62998ab40f6 100644
--- a/src/services/services.ts
+++ b/src/services/services.ts
@@ -9,7 +9,7 @@
 /// <reference path='formatting\smartIndenter.ts' />
 
 module ts {
-    export var servicesVersion = "0.4"
+    export var servicesVersion = "0.5"
 
     export interface Node {
         getSourceFile(): SourceFile;