diff --git a/CHANGES b/CHANGES
index 47dd08b678..c44fd9be69 100644
--- a/CHANGES
+++ b/CHANGES
@@ -3,7 +3,7 @@ Flask Changelog
 
 Here you can see the full list of changes between each Flask release.
 
-Version 0.5
+Version 0.3
 -----------
 
 Release date to be announced
diff --git a/docs/config.rst b/docs/config.rst
index 6a2900a1fd..de79cabc1c 100644
--- a/docs/config.rst
+++ b/docs/config.rst
@@ -3,7 +3,7 @@
 Configuration Handling
 ======================
 
-.. versionadded:: 0.5
+.. versionadded:: 0.3
 
 Applications need some kind of configuration.  There are different things
 you might want to change.  Like toggling debug mode, the secret key and a
diff --git a/docs/errorhandling.rst b/docs/errorhandling.rst
index dcc2a2e930..f963f1ab49 100644
--- a/docs/errorhandling.rst
+++ b/docs/errorhandling.rst
@@ -3,7 +3,7 @@
 Handling Application Errors
 ===========================
 
-.. versionadded:: 0.5
+.. versionadded:: 0.3
 
 Applications fail, server fail.  Sooner or later you will see an exception
 in production.  Even if your code is 100% correct, you will still see
diff --git a/docs/patterns/flashing.rst b/docs/patterns/flashing.rst
index 16d8d37189..b491712f5b 100644
--- a/docs/patterns/flashing.rst
+++ b/docs/patterns/flashing.rst
@@ -86,7 +86,7 @@ And of course the login template:
 Flashing With Categories
 ------------------------
 
-.. versionadded:: 0.5
+.. versionadded:: 0.3
 
 It is also possible to provide categories when flashing a message.  The
 default category if nothing is provided is ``'message'``.  Alternative
diff --git a/docs/quickstart.rst b/docs/quickstart.rst
index a2cbb8b5e9..a3cc4793a5 100644
--- a/docs/quickstart.rst
+++ b/docs/quickstart.rst
@@ -691,7 +691,7 @@ for a full example.
 Logging
 -------
 
-.. versionadded:: 0.5
+.. versionadded:: 0.3
 
 Sometimes you might be in the situation where you deal with data that
 should be correct, but actually is not.  For example you have some client
@@ -702,7 +702,7 @@ Request`` in that situation, but other times it is not and the code has to
 continue working.
 
 Yet you want to log that something fishy happened.  This is where loggers
-come in handy.  As of Flask 0.5 a logger is preconfigured for you to use.
+come in handy.  As of Flask 0.3 a logger is preconfigured for you to use.
 
 Here are some example log calls::
 
diff --git a/docs/shell.rst b/docs/shell.rst
index 65e44ce7f6..470bceca8d 100644
--- a/docs/shell.rst
+++ b/docs/shell.rst
@@ -1,7 +1,7 @@
 Working with the Shell
 ======================
 
-.. versionadded:: 0.5
+.. versionadded:: 0.3
 
 One of the reasons everybody loves Python is the interactive shell.  It
 basically allows you to execute Python commands in real time and
diff --git a/docs/upgrading.rst b/docs/upgrading.rst
index e0f210db03..f06523e9c6 100644
--- a/docs/upgrading.rst
+++ b/docs/upgrading.rst
@@ -14,10 +14,10 @@ This section of the documentation enumerates all the changes in Flask from
 release to release and how you can change your code to have a painless
 updating experience.
 
-Version 0.5
+Version 0.3
 -----------
 
-Flask 0.5 introduces configuration support and logging as well as
+Flask 0.3 introduces configuration support and logging as well as
 categories for flashing messages.  All these are features that are 100%
 backwards compatible but you might want to take advantage of them.
 
diff --git a/flask.py b/flask.py
index 077414d586..5e3367bb63 100644
--- a/flask.py
+++ b/flask.py
@@ -232,7 +232,7 @@ def flash(message, category='message'):
     flashed message from the session and to display it to the user,
     the template has to call :func:`get_flashed_messages`.
 
-    .. versionchanged: 0.5
+    .. versionchanged: 0.3
        `category` parameter added.
 
     :param message: the message to be flashed.
@@ -260,7 +260,7 @@ def get_flashed_messages(with_categories=False):
           <p class=flash-{{ category }}>{{ msg }}
         {% endfor %}
 
-    .. versionchanged:: 0.5
+    .. versionchanged:: 0.3
        `with_categories` parameter added.
 
     :param with_categories: set to `True` to also receive categories.
@@ -829,7 +829,7 @@ class Flask(_PackageBoundObject):
     #: the application is in debug mode, otherwise the attached logging
     #: handler does the formatting.
     #:
-    #: .. versionadded:: 0.5
+    #: .. versionadded:: 0.3
     debug_log_format = (
         '-' * 80 + '\n' +
         '%(levelname)s in %(module)s, %(pathname)s:%(lineno)d]:\n' +
@@ -949,7 +949,7 @@ def logger(self):
             app.logger.warning('A warning ocurred (%d apples)', 42)
             app.logger.error('An error occoured')
 
-        .. versionadded:: 0.5
+        .. versionadded:: 0.3
         """
         from logging import getLogger, StreamHandler, Formatter, DEBUG
         class DebugHandler(StreamHandler):
@@ -1225,7 +1225,7 @@ def handle_http_exception(self, e):
         registered error handlers and fall back to returning the
         exception as response.
 
-        .. versionadded: 0.5
+        .. versionadded: 0.3
         """
         handler = self.error_handlers.get(e.code)
         if handler is None:
@@ -1239,7 +1239,7 @@ def handle_exception(self, e):
         for an 500 internal server error is used.  If no such handler
         exists, a default 500 internal server error message is displayed.
 
-        .. versionadded: 0.5
+        .. versionadded: 0.3
         """
         handler = self.error_handlers.get(500)
         if self.debug:
@@ -1397,7 +1397,7 @@ def request_context(self, environ):
         u'/'
         >>> ctx.unbind()
 
-        .. versionchanged:: 0.5
+        .. versionchanged:: 0.3
            Added support for non-with statement usage and `with` statement
            is now passed the ctx object.
 
diff --git a/setup.py b/setup.py
index ed92202708..280c4f2a77 100644
--- a/setup.py
+++ b/setup.py
@@ -43,7 +43,7 @@ def hello():
 
 setup(
     name='Flask',
-    version='0.5',
+    version='0.3',
     url='http://github.com/mitsuhiko/flask/',
     license='BSD',
     author='Armin Ronacher',