diff --git a/META b/META
index d7aea31b92c332a86abeedb3dcaacce40aa1ea14..b4ceb66e8fdfba5f43d81332e687f3ea62b0cdb0 100644
--- a/META
+++ b/META
@@ -11,7 +11,7 @@
   Minor:	5
   Micro:        0
   Version:	0.5.0
-  Release:	0.pre19
+  Release:	1
   API_CURRENT:	7	
   API_AGE:	4
   API_REVISION:	0
diff --git a/NEWS b/NEWS
index 6b070e6c1cc7afe7222bf3dda70d160a7ac603b9..56379f1d349b78acc012c5aa257da10f1b9ae12c 100644
--- a/NEWS
+++ b/NEWS
@@ -1,8 +1,8 @@
 This file describes changes in recent versions of SLURM. It primarily
 documents those changes that are of interest to users and admins. 
 
-* Changes in SLURM 0.5.0-pre20
-==============================
+* Changes in SLURM 0.5.0
+========================
  -- Fix race condition in job accouting plugin, could hang slurmd
  -- Report SlurmUser id over 16 bits as an error (fix on v0.6)