diff --git a/CHANGELOG.md b/CHANGELOG.md
index 329f7685..8d4a6a5a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,7 @@
 FlatLaf Change Log
 ==================
 
-## Unreleased
+## 0.39
 
 #### New features
 
diff --git a/build.gradle.kts b/build.gradle.kts
index 2e4f606b..d2cd7883 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -14,8 +14,8 @@
  * limitations under the License.
  */
 
-val releaseVersion = "0.38"
-val developmentVersion = "0.39-SNAPSHOT"
+val releaseVersion = "0.39"
+val developmentVersion = "0.40-SNAPSHOT"
 
 version = if( java.lang.Boolean.getBoolean( "release" ) ) releaseVersion else developmentVersion