diff --git a/rake/lib/rake.rb b/rake/lib/rake.rb
index 15f465c1c..1878f8ada 100755
--- a/rake/lib/rake.rb
+++ b/rake/lib/rake.rb
@@ -29,7 +29,7 @@
 # referenced as a library via a require statement, but it can be
 # distributed independently as an application.
 
-RAKEVERSION = '0.5.1.2'
+RAKEVERSION = '0.5.2'
 
 require 'rbconfig'
 require 'ftools'