diff --git a/configure.ac b/configure.ac
index 8b0b24a027..5a73faac6f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ AC_CANONICAL_TARGET([])
 
 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(gstreamer, GST_VERSION, 0, 4, 0, 2, GST_ERROR="-Wall", GST_ERROR="-Wall -Werror")
+AS_VERSION(gstreamer, GST_VERSION, 0, 4, 0, 3, GST_ERROR="-Wall", GST_ERROR="-Wall -Werror")
 dnl AM_MAINTAINER_MODE only provides the option to configure to enable it
 AM_MAINTAINER_MODE
 AM_INIT_AUTOMAKE($PACKAGE,$VERSION)