diff --git a/RELEASES.txt b/RELEASES.txt
index ebf2a48d9bf..7abee7623ad 100644
--- a/RELEASES.txt
+++ b/RELEASES.txt
@@ -5,6 +5,7 @@ VERSION  RELEASE     CODE NAME
 ++++++++++++++++++++++++++++++
 
 2.4.0    TBD         "Dancing Days"
+2.3.2    08-04-2017  "Ramble On"
 2.3.1    06-01-2017  "Ramble On"
 2.3.0    04-12-2017  "Ramble On"
 2.2.3    05-09-2017  "The Battle of Evermore"
diff --git a/VERSION b/VERSION
index cf1f3a36f26..62e712f21f3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.3.2.0 0.5.rc5
+2.3.2.0 1
diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index 68bfe7c81e0..d53ba647550 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -4,6 +4,13 @@ ansible (%VERSION%-%RELEASE%~%DIST%) %DIST%; urgency=low
 
  -- Ansible, Inc. <info@ansible.com>  %DATE%
 
+ansible (2.3.2.0) unstable; urgency=low
+
+  * 2.3.2.0
+
+ -- Ansible, Inc. <info@ansible.com>  Fri, 04 Aug 2017 15:24:07 -0500
+
+
 ansible (2.3.1.0) unstable; urgency=low
 
   * 2.3.1.0
diff --git a/packaging/rpm/ansible.spec b/packaging/rpm/ansible.spec
index 1cf1dffb971..2127b281aa0 100644
--- a/packaging/rpm/ansible.spec
+++ b/packaging/rpm/ansible.spec
@@ -135,6 +135,9 @@ rm -rf %{buildroot}
 
 %changelog
 
+* Fri Aug 04 2017 Ansible, Inc. <info@ansible.com> - 2.3.2.0-1
+- Release 2.3.2.0-1
+
 * Thu Jun 01 2017 Ansible, Inc. <info@ansible.com> - 2.3.1.0-1
 - Release 2.3.1.0-1