diff --git a/CHANGELOG.md b/CHANGELOG.md
index f5c1e31b..4a9ad74a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+0.3.2
+=====
+- Fix for `staged_files_only` with color.diff = always #176.
+
 0.3.1
 =====
 - Fix error clobbering #174.
diff --git a/setup.py b/setup.py
index 5ac74bb0..84925844 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@ setup(
         'hooks.'
     ),
     url='https://github.com/pre-commit/pre-commit',
-    version='0.3.1',
+    version='0.3.2',
 
     author='Anthony Sottile',
     author_email='asottile@umich.edu',