diff --git a/CHANGELOG.md b/CHANGELOG.md
index 603e9881..f5c1e31b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+0.3.1
+=====
+- Fix error clobbering #174.
+- Remove dependency on `plumbum`.
+- Allow pre-commit to be run from anywhere in a repository #175.
+
 0.3.0
 =====
 - Add `--files` option to `pre-commit run`
diff --git a/setup.py b/setup.py
index 5e8ffe0e..5ac74bb0 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@ setup(
         'hooks.'
     ),
     url='https://github.com/pre-commit/pre-commit',
-    version='0.3.0',
+    version='0.3.1',
 
     author='Anthony Sottile',
     author_email='asottile@umich.edu',