diff --git a/VERSION b/VERSION
index 0d91a54c..9e11b32f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.3.0
+0.3.1
diff --git a/compass.gemspec b/compass.gemspec
index ef8c5aa6..35b54122 100644
--- a/compass.gemspec
+++ b/compass.gemspec
@@ -1,6 +1,6 @@
 Gem::Specification.new do |s|
   s.name = %q{compass}
-  s.version = "0.3.0"
+  s.version = "0.3.1"
 
   s.required_rubygems_version = Gem::Requirement.new(">= 1.2") if s.respond_to? :required_rubygems_version=
   s.authors = ["Chris Eppstein"]