diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8e21b36c..2af64f6c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,11 @@
 
 ## In git
 
-[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.4.0...master)
+[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.5.0...master)
+
+## 1.5.0 (January 12, 2011)
+
+[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.4.0...v1.5.0)
 
 * Fix VCR::Cassette so it does not raise an error when a cassette file is
   empty.  Bug reported and fixed by [Karl Baum](https://github.com/kbaum).
diff --git a/Gemfile.lock b/Gemfile.lock
index b0d67e1e..ef0647bd 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    vcr (1.4.0)
+    vcr (1.5.0)
 
 GEM
   remote: http://rubygems.org/
diff --git a/lib/vcr/version.rb b/lib/vcr/version.rb
index 83bb2655..88d1ff67 100644
--- a/lib/vcr/version.rb
+++ b/lib/vcr/version.rb
@@ -3,7 +3,7 @@ module VCR
 
   def version
     @version ||= begin
-      string = '1.4.0'
+      string = '1.5.0'
 
       def string.parts; VCR.version.split('.').map { |p| p.to_i }; end
       def string.major; parts[0]; end