diff --git a/NEWS b/NEWS
index 920890fb..9176e4e9 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-v0.8.16rc1 2013-06-26  The Irssi team <staff@irssi.org>
+v0.8.16-rc1 2013-06-26  The Irssi team <staff@irssi.org>
 	+ Add -noautosendcmd to /SERVER and /CONNECT. Passing this option will
 	  force Irssi to not execute the content of the autosendcmd chatnet-setting
 	  upon connect.
diff --git a/configure.in b/configure.in
index 51846c3d..368a65b4 100644
--- a/configure.in
+++ b/configure.in
@@ -1,4 +1,4 @@
-AC_INIT(irssi, 0.8.15-svn)
+AC_INIT(irssi, 0.8.16-rc1)
 AC_CONFIG_SRCDIR([src])
 AC_CONFIG_AUX_DIR(build-aux)
 AC_PREREQ(2.50)