diff --git a/CHANGELOG b/CHANGELOG
index 73c34dafa..1023fd95f 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -23,6 +23,10 @@
 - fix issue718: failed to create representation of sets containing unsortable
   elements in python 2. Thanks Edison Gustavo Muenz
 
+- fix issue756, fix issue752 (and similar issues): depend on py-1.4.29
+  which has a refined algorithm for traceback generation.
+
+
 2.7.1 (compared to 2.7.0)
 -----------------------------
 
diff --git a/_pytest/__init__.py b/_pytest/__init__.py
index 6cf1b5e15..a521e0f8a 100644
--- a/_pytest/__init__.py
+++ b/_pytest/__init__.py
@@ -1,2 +1,2 @@
 #
-__version__ = '2.7.1'
+__version__ = '2.7.2'
diff --git a/setup.py b/setup.py
index 5af27b1f5..9cf1ed72a 100644
--- a/setup.py
+++ b/setup.py
@@ -31,12 +31,12 @@ def get_version():
 def has_environment_marker_support():
     """
     Tests that setuptools has support for PEP-426 environment marker support.
-    
-    The first known release to support it is 0.7 (and the earliest on PyPI seems to be 0.7.2 
+
+    The first known release to support it is 0.7 (and the earliest on PyPI seems to be 0.7.2
     so we're using that), see: http://pythonhosted.org/setuptools/history.html#id142
-    
+
     References:
-    
+
     * https://wheel.readthedocs.org/en/latest/index.html#defining-conditional-dependencies
     * https://www.python.org/dev/peps/pep-0426/#environment-markers
     """
@@ -48,7 +48,7 @@ def has_environment_marker_support():
 
 
 def main():
-    install_requires = ['py>=1.4.25']
+    install_requires = ['py>=1.4.29']
     extras_require = {}
     if has_environment_marker_support():
         extras_require[':python_version=="2.6" or python_version=="3.0" or python_version=="3.1"'] = ['argparse']