diff --git a/build/build.xml b/build/build.xml
index 94815c8a..11fbf63d 100644
--- a/build/build.xml
+++ b/build/build.xml
@@ -8,7 +8,7 @@
     <target name="init">
         <property name="Name" value="helma"/>
         <property name="year" value="1998-${year}"/>
-        <property name="version" value="1.3.2-pre2"/>
+        <property name="version" value="1.4.0-rc1"/>
         <property name="project" value="helma"/>
         <property name="build.compiler" value="classic"/>
 
diff --git a/src/helma/main/Server.java b/src/helma/main/Server.java
index ffecd956..bf617c40 100644
--- a/src/helma/main/Server.java
+++ b/src/helma/main/Server.java
@@ -41,7 +41,7 @@ import java.util.*;
  */
 public class Server implements IPathElement, Runnable {
     // version string
-    public static final String version = "1.3.2-pre2 (2004/01/22)";
+    public static final String version = "1.4.0-rc1 (2004/02/11)";
 
     // static server instance
     private static Server server;