diff --git a/lib/rake.rb b/lib/rake.rb
index 955aedf66..799a1b2d8 100755
--- a/lib/rake.rb
+++ b/lib/rake.rb
@@ -29,7 +29,7 @@
 # as a library via a require statement, but it can be distributed
 # independently as an application.
 
-RAKEVERSION = '0.7.99.5'
+RAKEVERSION = '0.8.0'
 
 require 'rbconfig'
 require 'ftools'