diff --git a/VERSION b/VERSION
index 685889ef4..ddccd0abb 100644
--- a/VERSION
+++ b/VERSION
@@ -1,3 +1,3 @@
-Bullet Collision Detection and Physics Library version 2.47
+Bullet Collision Detection and Physics Library version 2.48
 http://bullet.sourceforge.net
 
diff --git a/configure.ac b/configure.ac
index e807394d7..587ed7f22 100644
--- a/configure.ac
+++ b/configure.ac
@@ -9,7 +9,7 @@ AC_PREREQ([2.54])
 #----------------------------------------------------------------------------
 AC_INIT(
     [bullet],
-    [2.47],
+    [2.48],
     [bullet@erwincoumans.com])
 CS_PACKAGEINFO(
     [Bullet Continuous Collision Detection and Physics Library],