diff --git a/changelog.rst b/changelog.rst
index e71acbe..75c504c 100644
--- a/changelog.rst
+++ b/changelog.rst
@@ -1,11 +1,12 @@
 oyster changelog
 ================
 
-0.3.3-dev
+0.4.0-dev
 ---------
     * S3 storage backend bugfix
-    * improvements to signal script
+    * lots of improvements to signal script
     * oyster.ext cloudsearch, elasticsearch, and superfastmatch
+    * use python logging w/ mongo handler
     * add tox/python setup.py test (thanks Marc Abramowitz!)
 
 0.3.2
diff --git a/oyster/__init__.py b/oyster/__init__.py
index 2d6642c..0289e7b 100644
--- a/oyster/__init__.py
+++ b/oyster/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.3.3-dev"
+__version__ = "0.4.0-dev"
 
 import os
 os.environ['CELERY_CONFIG_MODULE'] = 'oyster.celeryconfig'
diff --git a/setup.py b/setup.py
index 0b1caaa..ecbb901 100644
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@ except ImportError:
 long_description = open('README.rst').read()
 
 setup(name="oyster",
-      version='0.3.3-dev',
+      version='0.4.0-dev',
       py_modules=['oyster'],
       author="James Turk",
       author_email='jturk@sunlightfoundation.com',