diff --git a/doc/source/reference/news.rst b/doc/source/reference/news.rst
index aca3da8d1a9..cb7b2aa4edd 100644
--- a/doc/source/reference/news.rst
+++ b/doc/source/reference/news.rst
@@ -6,7 +6,7 @@ Release Log
 
 Networkx-1.7
 ------------
-Release date:  xx June 2012
+Release date:  4 July 2012
 
 Highlights
 ~~~~~~~~~~
diff --git a/networkx/release.py b/networkx/release.py
index d847711dac0..3d6496f2d0d 100644
--- a/networkx/release.py
+++ b/networkx/release.py
@@ -201,12 +201,12 @@ def get_info(dynamic=True):
 ## Version information
 name = 'networkx'
 major = 1
-minor = 8
+minor = 7
 
 
 ## Declare current release as a development release.
 ## Change to False before tagging a release; then change back.
-dev = True
+dev = False
 
 
 description = "Python package for creating and manipulating graphs and networks"