diff --git a/ChangeLog b/ChangeLog
index 218b1bf27..2231ce79f 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -5,6 +5,8 @@
 	* bootstrap: backports: FSF address, don't disable rsync, use
 	SelfUpdateTrees not SelfUpdateCVSTrees
 	* fink.info.in: include Distribution
+	* VERSION: Bumped package manager version to 0.27.7, a release
+	on branch_0_27 ready for 10.5
 
 2007-10-23  Dave Morrison  <drm@finkproject.org>
 
diff --git a/VERSION b/VERSION
index 6c86d3bee..0d08300df 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.27.6.cvs
+0.27.7.cvs