diff --git a/doc/conf.py b/doc/conf.py
index 6cded8aaf3a837110b86c573ca30be8eac6fba85..cefca5dfe5e1ab60048e3335fa05ec55db3e998f 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -46,9 +46,9 @@ copyright = u'2010, scikits.learn developers'
 # built documents.
 #
 # The short X.Y version.
-version = '0.3-SVN'
+version = '0.3-beta'
 # The full version, including alpha/beta/rc tags.
-release = '0.3-SVN'
+release = '0.3-beta'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index d2a92fcc563c1284e2f38c6f169b717def9cb47b..5da708374e53de1e0808c2570366bd7a4619ce7c 100644
--- a/setup.py
+++ b/setup.py
@@ -18,7 +18,7 @@ MAINTAINER_EMAIL    = 'fabian.pedregosa@inria.fr'
 URL                 = 'http://scikit-learn.sourceforge.net'
 LICENSE             = 'new BSD'
 DOWNLOAD_URL        = 'http://sourceforge.net/projects/scikit-learn/files/'
-VERSION             = '0.3-SVN'
+VERSION             = '0.3-beta'
 
 import setuptools # we are using a setuptools namespace
 from numpy.distutils.core import setup