diff --git a/README b/README
index 6f2ba7b33c..b414edfb7e 100644
--- a/README
+++ b/README
@@ -39,26 +39,33 @@ sorry, no "make install" yet.
 
 Status:
 -------
-As of version 0.9n:
+As of version 0.9p:
 Bugs:
 -- Cash distributions & cash dividends on stock are confusing
    without sub-accounts.  They should appear as transfers from
    an income account to the brokerage account, and should be 
-   visible in a gneral ledger that shows both the brokerage 
-   account, and the stock.  However, sub-accounts are not
-   yet implemented fully, and the general-ledger regsiter 
-   window is not implemented.  Getting close, though.
+   visible in a general ledger that shows both the brokerage 
+   account, and the stock.  However, the general-ledger regsiter 
+   window is not implemented.  Soon ...
 
 -- tabbing between fields for mutual funds does not work correctly. 
 -- should add "number of shares" to transfer popup when transferring
    from bank account to portfolio.
 -- Nasty core dump in motif when two register windows are opened,
    and then closed.  Beats the heck out of me. 
-   
+-- should do something for automatic interest computations,
+   also mortgages, bonds, etc.
+-- need to expose transfer type for bank acounts ass well as stocks.
 
+Fixed:
+-- nasty bug relating to save/restore of double-entry to file
+   was fixed!
+   
 ---------------
-Started implementation of sub-accounts.
-This is needed for general ledger capabilites.
+Bare-bones general ledger capabilities added.
+Working Features:
+-- accounts can have sub-accounts
+-- Income and Expense account types added.
 
 ---------------
 Bare-bones Mutual Fund and Stock Portfolio handling
@@ -96,9 +103,6 @@ from the register(ledger) window.  However, this function will
 be tricky, since it requires hacks on the Xbae widget used to
 display the register.
 
-Double-entries should be correctly saved-to-file & restored 
-from file.
-
 -------------
 The "reports" menu item is unimplemented and will result in a core dump.
 -------------
diff --git a/xacc.lsm b/xacc.lsm
index 77fd4687ed..e253033375 100644
--- a/xacc.lsm
+++ b/xacc.lsm
@@ -1,7 +1,7 @@
 Begin3
 Title:		xacc -- simple single-user accounting program
-Version:	0.9m
-Entered-date:	1NOV97
+Version:	0.9p
+Entered-date:	21NOV97
 Description:    xacc is a program to keep track of your finances.  It 
                 offers a simple check-book register style interface.
                 Currently, the features are quite simple:
@@ -10,8 +10,6 @@ Description:    xacc is a program to keep track of your finances.  It
                 - Each account keeps a running balance and
                   a reconciled balance, so you can keep track
                   of the checks that have clear your account.
-                - Double Entry -- transfers between accounts
-                  are coupled.
                 - A simple interface.  If you can use the
                   register in the back of your checkbook,
                   you can use xacc.
@@ -21,9 +19,15 @@ Description:    xacc is a program to keep track of your finances.  It
                   the previous transaction.  Handy if you have
                   similar transactions on a regular basis.
                   (such as depositing your paycheck every week :)
+                - General Ledger. Well, not yet, but double-entry
+                  is supported (transfers between accounts),
+                  sub-accounts are supported (so that master accounts
+                  can contain detail accounts), as well as 
+                  income/expense accounts that handle double-entry
+                  properly.
 
                 This is a beta development version with known
-                minor user interface bugs. 
+                minor user interface bugs and no known major bugs.
 
 Keywords:	X11 Accounting double entry
 Author:		rclark@cs.hmc.edu (Robin Clark)