diff --git a/doc/src/history.adoc b/doc/src/history.adoc
index 2b0facf98..78d4587ff 100644
--- a/doc/src/history.adoc
+++ b/doc/src/history.adoc
@@ -1,6 +1,8 @@
 [[b2.history]]
 = History
 
+== Version 4.8.0
+
 == Version 4.7.2
 
 * Fix errors configuring intel-linux toolset if icpx is not in the PATH but
diff --git a/src/build/version.jam b/src/build/version.jam
index d77e69dae..cc9a09ad0 100644
--- a/src/build/version.jam
+++ b/src/build/version.jam
@@ -9,7 +9,7 @@ import numbers ;
 
 # Mirror engine JAM_VERSION
 .major = "4" ;
-.minor = "7" ;
+.minor = "8" ;
 
 
 rule boost-build ( )
diff --git a/src/engine/patchlevel.h b/src/engine/patchlevel.h
index 7f18397ee..bc73ad3e5 100644
--- a/src/engine/patchlevel.h
+++ b/src/engine/patchlevel.h
@@ -12,5 +12,5 @@ Distributed under the Boost Software License, Version 1.0.
 
 
 #define VERSION_MAJOR 4
-#define VERSION_MINOR 7
-#define VERSION_PATCH 2
+#define VERSION_MINOR 8
+#define VERSION_PATCH 0