diff --git a/beets/__init__.py b/beets/__init__.py
index e6e0f7223..a368a46fd 100644
--- a/beets/__init__.py
+++ b/beets/__init__.py
@@ -12,7 +12,7 @@
 # The above copyright notice and this permission notice shall be
 # included in all copies or substantial portions of the Software.
 
-__version__ = '1.0.0-dev'
+__version__ = '1.0.0'
 __author__ = 'Adrian Sampson <adrian@radbox.org>'
 
 import beets.library
diff --git a/docs/changelog.rst b/docs/changelog.rst
index a7317da0b..d9e138923 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,8 +1,13 @@
 Changelog
 =========
 
-1.0.0 (in development)
-----------------------
+1.0.0 (January 29, 2013)
+------------------------
+
+After fifteen betas and two release candidates, beets has finally hit
+one-point-oh. Congratulations to everybody involved. This version of beets will
+remain stable and receive only bug fixes from here on out. New development is
+ongoing in the betas of version 1.1.
 
 * :doc:`/plugins/scrub`: Fix an incompatibility with Python 2.6.
 * :doc:`/plugins/lyrics`: Fix an issue that failed to find lyrics when metadata
diff --git a/docs/conf.py b/docs/conf.py
index 6b58b5379..f3719c8ed 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -13,7 +13,7 @@ project = u'beets'
 copyright = u'2012, Adrian Sampson'
 
 version = '1.0'
-release = '1.0.0-dev'
+release = '1.0.0'
 
 pygments_style = 'sphinx'
 
diff --git a/setup.py b/setup.py
index 5ae80456c..5100d331d 100755
--- a/setup.py
+++ b/setup.py
@@ -42,7 +42,7 @@ if 'sdist' in sys.argv:
     shutil.copytree(os.path.join(docdir, '_build', 'man'), mandir)
 
 setup(name='beets',
-      version='1.0.0-dev',
+      version='1.0.0',
       description='music tagger and library organizer',
       author='Adrian Sampson',
       author_email='adrian@radbox.org',