diff --git a/ghc/PATCHLEVEL b/ghc/PATCHLEVEL
index e21265fc742ab871b82162f83152590758e2cad5..c6124f3037aaec839046f6655c6eb67303889326 100644
--- a/ghc/PATCHLEVEL
+++ b/ghc/PATCHLEVEL
@@ -1 +1 @@
-The Glamorous Glasgow Haskell Compiler, version 3.00, patchlevel 0
+The Glamorous Glasgow Haskell Compiler, version 3.01, patchlevel 0
diff --git a/ghc/README b/ghc/README
index 548fa85a8443c45bf7801211392443fb338b7c1b..e24d44747cbba399f4292f5e1cda7d9bc3e664aa 100644
--- a/ghc/README
+++ b/ghc/README
@@ -1,5 +1,5 @@
-This is version 3.00 of the Glorious Glasgow Haskell compilation
-system (GHC).  GHC 3.00 is a compiler for Haskell 1.4.
+This is version 3.01 of the Glorious Glasgow Haskell compilation
+system (GHC).  GHC 3.01 is a compiler for Haskell 1.4.
 
 Haskell is "the" standard lazy functional programming language.
 Haskell 1.4 is the current version of the language, released in