diff --git a/new/version.jam b/new/version.jam
index d2f391c8c..4b8e736b0 100644
--- a/new/version.jam
+++ b/new/version.jam
@@ -5,7 +5,7 @@
 
 rule boost-build ( )
 {
-    return "V2 (Milestone 7)" ;
+    return "V2 (Milestone 8)" ;
 }
 rule jam ( )
 {
diff --git a/v2/build/version.jam b/v2/build/version.jam
index d2f391c8c..4b8e736b0 100644
--- a/v2/build/version.jam
+++ b/v2/build/version.jam
@@ -5,7 +5,7 @@
 
 rule boost-build ( )
 {
-    return "V2 (Milestone 7)" ;
+    return "V2 (Milestone 8)" ;
 }
 rule jam ( )
 {