diff --git a/django/__init__.py b/django/__init__.py
index 6fcfaf8385..835490b308 100644
--- a/django/__init__.py
+++ b/django/__init__.py
@@ -1,4 +1,4 @@
-VERSION = (1, 2, 6, 'final', 0)
+VERSION = (1, 2, 7, 'final', 0)
 
 def get_version():
     version = '%s.%s' % (VERSION[0], VERSION[1])
diff --git a/docs/conf.py b/docs/conf.py
index c16047bd0e..7b6e258a53 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -52,7 +52,7 @@ copyright = 'Django Software Foundation and contributors'
 # The short X.Y version.
 version = '1.2'
 # The full version, including alpha/beta/rc tags.
-release = '1.2.6'
+release = '1.2.7'
 # The next version to be released
 django_next_version = '1.3'
 
diff --git a/setup.py b/setup.py
index cd61873dbe..2a18c30fdc 100644
--- a/setup.py
+++ b/setup.py
@@ -77,7 +77,7 @@ setup(
     author = 'Django Software Foundation',
     author_email = 'foundation@djangoproject.com',
     description = 'A high-level Python Web framework that encourages rapid development and clean, pragmatic design.',
-    download_url = 'http://media.djangoproject.com/releases/1.2/Django-1.2.6.tar.gz',
+    download_url = 'http://media.djangoproject.com/releases/1.2/Django-1.2.7.tar.gz',
     packages = packages,
     cmdclass = cmdclasses,
     data_files = data_files,