diff --git a/mongoengine/__init__.py b/mongoengine/__init__.py
index af4c4171..a42fe77b 100644
--- a/mongoengine/__init__.py
+++ b/mongoengine/__init__.py
@@ -12,7 +12,7 @@ from signals import *
 __all__ = (document.__all__ + fields.__all__ + connection.__all__ +
            queryset.__all__ + signals.__all__)
 
-VERSION = (0, 6, 20)
+VERSION = (0, '7rc1')
 
 
 def get_version():
diff --git a/python-mongoengine.spec b/python-mongoengine.spec
index 4e803263..ace9f381 100644
--- a/python-mongoengine.spec
+++ b/python-mongoengine.spec
@@ -5,7 +5,7 @@
 %define srcname mongoengine
 
 Name:           python-%{srcname}
-Version:        0.6.20
+Version:        0.7rc1
 Release:        1%{?dist}
 Summary:        A Python Document-Object Mapper for working with MongoDB