diff --git a/configure.ac b/configure.ac
index d98a7a764e..9e93a15d09 100644
--- a/configure.ac
+++ b/configure.ac
@@ -9,11 +9,11 @@ AM_CONFIG_HEADER(config.h)
 
 GST_VERSION_MAJOR=0
 GST_VERSION_MINOR=3
-GST_VERSION_MICRO=02
+GST_VERSION_MICRO=1
 
 dnl we use the release tag during CVS development
-GST_VERSION_RELEASE=`date +%Y%m%d`
-
+# GST_VERSION_RELEASE=`date +%Y%m%d`
+GST_VERSION_RELEASE=1
 GST_VERSION=$GST_VERSION_MAJOR.$GST_VERSION_MINOR.$GST_VERSION_MICRO
 
 PACKAGE=gst-plugins