diff --git a/NEWS b/NEWS
index 5e4817137a..90a574be8c 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,44 @@
 Version history:
 ------- -------
 
+ 2.1.1 - 28 Apr 2007
+ 	 o Welcome to GnuCash 2.1.1 aka "Bug-begone" the second of several
+	 unstable releasese releases of the GnuCash Open Source Accounting
+	 Software which will eventually lead to the stable version 2.2.0. With
+	 this new release series, GnuCash is available on Microsoft Windows
+	 for the first time, and it also runs on GNU/Linux, *BSD, Solaris and
+	 Mac OSX. This release is intended for developers and testers who want
+	 to help tracking down bugs.
+	 o WARNING: Make sure you make backups of any files used in testing
+	 versions of GnuCash in the 2.1.x series. Although the developers go
+	 to great lengths to ensure that no data will be lost we cannot
+	 guarantee that your data will not be affected if for some reason
+	 GnuCash crashes in testing these releases.
+	 o Please test any and all features important to you. Then post any
+	 bugs you find to bugzilla
+	 http://bugzilla.gnome.org/enter_bug.cgi?product=GnuCash
+	 o Compared to the 2.0.x series, there are only very few user-visible
+	 new features, except for the completed port to the Microsoft Windows
+	 operating system. Minor new features compared to the 2.0.x series
+	 are;
+	 o The Scheduled Transaction Editor and Management dialogs have been
+	 integrated into the overall GnuCash User Interface to give the user a
+	 more consistent experience in creating scheduled transactions.
+	 o Internally, the programming language wrappers are no longer being
+	 generated by the not-so-well-maintained package "g-wrap" but instead
+	 by the well-established wrapper generator "SWIG". In effect, gnucash
+	 does no longer depend on g-wrap anymore but uses SWIG now.
+	 o New printing formats for check printing
+	 o Bugfixes and improvements since the last version 2.1.0 include:
+	 o Start-up behaviour has been improved: Windows size is better,
+	 splash screen can be clicked away
+	 o OFX DirectConnect import uses correct ID fields for transaction
+	 matching
+	 o More Scheduled Transactions bugs have been fixed
+	 o Windows: Reading/writing to compressed data files has been tested
+	 more thoroughly and fixed in various places
+	 o Windows: Crash on changing default currencies fixed
+
  2.1.0 - 14 Apr 2007
  	 o Welcome to GnuCash 2.1.0 aka "Opening Windows" the first of
 	 several unstable releases of the GnuCash Open Source Accounting
diff --git a/configure.in b/configure.in
index 5ea91444ed..fa0f73aa3c 100644
--- a/configure.in
+++ b/configure.in
@@ -20,7 +20,7 @@ dnl Process this file with autoconf to produce a configure script.
 
 # Autoconf initialization
 AC_PREREQ(2.59)
-AC_INIT([gnucash], [2.1.0], [gnucash-devel@gnucash.org])
+AC_INIT([gnucash], [2.1.1], [gnucash-devel@gnucash.org])
 AC_CONFIG_HEADERS(config.h)
 AC_CONFIG_SRCDIR(src/engine/Transaction.h)