diff --git a/CHANGES.txt b/CHANGES.txt
index 70046378e..acf760a2e 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -1,4 +1,9 @@
 
+Revision 4.4.8, released 2018-12-XX
+-----------------------------------
+
+No changes so far
+
 Revision 4.4.7, released 2018-12-29
 -----------------------------------
 
diff --git a/pysnmp/__init__.py b/pysnmp/__init__.py
index a9d069292..da4cea9c7 100644
--- a/pysnmp/__init__.py
+++ b/pysnmp/__init__.py
@@ -1,5 +1,5 @@
 # http://www.python.org/dev/peps/pep-0396/
-__version__ = '4.4.7'
+__version__ = '4.4.8'
 # backward compatibility
 version = tuple([int(x) for x in __version__.split('.')])
 majorVersionId = version[0]