diff --git a/src/params.lisp b/src/params.lisp
index d515aa9..d283654 100644
--- a/src/params.lisp
+++ b/src/params.lisp
@@ -29,8 +29,8 @@
 (defparameter *release* nil
   "non-nil when this build is a release build.")
 
-(defparameter *major-version* "3.1")
-(defparameter *minor-version* "3")
+(defparameter *major-version* "3.2")
+(defparameter *minor-version* "1")
 
 (defun git-hash ()
   "Return the current abbreviated git hash of the development tree."