diff --git a/configure.ac b/configure.ac
index 7cd87267dc..6193895f69 100644
--- a/configure.ac
+++ b/configure.ac
@@ -12,7 +12,7 @@ AM_MAINTAINER_MODE
 
 dnl when going to/from release please set the nano (fourth number) right !
 dnl releases only do Wall, cvs and prerelease does Werror too
-AS_VERSION(gst-plugins, GST_PLUGINS_VERSION, 0, 7, 2, 1, GST_CVS="no", GST_CVS="yes")
+AS_VERSION(gst-plugins, GST_PLUGINS_VERSION, 0, 7, 3, 0, GST_CVS="no", GST_CVS="yes")
 
 dnl add a suffix to apps
 if test x$program_suffix = xNONE ; then
@@ -30,7 +30,7 @@ dnl - library source changed -> increment REVISION
 dnl - interfaces added/removed/changed -> increment CURRENT, REVISION = 0
 dnl - interfaces added -> increment AGE
 dnl - interfaces removed -> AGE = 0
-AS_LIBTOOL(GST_PLUGINS, 1, 0, 0)
+AS_LIBTOOL(GST_PLUGINS, 2, 0, 0)
 
 dnl FIXME take something else ?
 AC_CONFIG_SRCDIR([gst/law/alaw.c])