diff --git a/configure.ac b/configure.ac
index 5fec2e8626ea3deff5fdddc4d3eeab3bf10f9c58..59f87fdc4816b6d0495634b91e9e3ab804a3054b 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,10 +13,10 @@ dnl
 # see what flags are available. (Better yet, read the documentation!)
 #
 
-AC_INIT([The Glorious Glasgow Haskell Compilation System], [7.4.1], [glasgow-haskell-bugs@haskell.org], [ghc])
+AC_INIT([The Glorious Glasgow Haskell Compilation System], [7.4.2], [glasgow-haskell-bugs@haskell.org], [ghc])
 
 # Set this to YES for a released version, otherwise NO
-: ${RELEASE=NO}
+: ${RELEASE=YES}
 
 # The primary version (e.g. 6.7, 6.6.1) is set in the AC_INIT line
 # above.  If this is not a released version, then we will append the