diff --git a/development_plan.txt b/development_plan.txt
new file mode 100644
index 000000000..7f1a92102
--- /dev/null
+++ b/development_plan.txt
@@ -0,0 +1,32 @@
+
+        ===================================
+        Development plan for Boost.Build V2.
+        ===================================
+
+Milestone 2 (October 14, 2002)
+
+    Boost buildable with gcc and also usable as part of another project.
+
+Milestone 3 (October 28, 2002)
+
+    Boost buildable with two gcc versions and al least one another compiler.
+    Things like gettext and docbook can also be implemented (toolset-like).
+
+Milestone 4 (November 25, 2002)
+
+    Unit test rule. Complete testing framework.
+
+Alpha (Dec ???, 2002) 
+
+    Feature-complete milestone.
+    New incarnation of "stage" targets.
+    More toolsets.
+    Using buildable tools: consider using bison, which is itself build with Boost.Build.
+
+Beta (Dec ???, 2002)
+
+    Bugfixing.
+
+2.0  Release (Mid January)
+
+     
\ No newline at end of file
diff --git a/v2/development_plan.txt b/v2/development_plan.txt
new file mode 100644
index 000000000..7f1a92102
--- /dev/null
+++ b/v2/development_plan.txt
@@ -0,0 +1,32 @@
+
+        ===================================
+        Development plan for Boost.Build V2.
+        ===================================
+
+Milestone 2 (October 14, 2002)
+
+    Boost buildable with gcc and also usable as part of another project.
+
+Milestone 3 (October 28, 2002)
+
+    Boost buildable with two gcc versions and al least one another compiler.
+    Things like gettext and docbook can also be implemented (toolset-like).
+
+Milestone 4 (November 25, 2002)
+
+    Unit test rule. Complete testing framework.
+
+Alpha (Dec ???, 2002) 
+
+    Feature-complete milestone.
+    New incarnation of "stage" targets.
+    More toolsets.
+    Using buildable tools: consider using bison, which is itself build with Boost.Build.
+
+Beta (Dec ???, 2002)
+
+    Bugfixing.
+
+2.0  Release (Mid January)
+
+     
\ No newline at end of file