diff --git a/CHANGELOG.md b/CHANGELOG.md
index 46a845ccf..7039d4b58 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # Changelog
 
+## v18.07: (Upcoming Release)
+
 ## v18.04: Logical Volume Snapshot/Clone, iSCSI Initiator, Bdev QoS, VPP Userspace TCP/IP
 
 ### vhost
diff --git a/include/spdk/version.h b/include/spdk/version.h
index 6b061337c..c04385d7f 100644
--- a/include/spdk/version.h
+++ b/include/spdk/version.h
@@ -46,7 +46,7 @@
 /**
  * Minor version number (month of original release).
  */
-#define SPDK_VERSION_MINOR	4
+#define SPDK_VERSION_MINOR	7
 
 /**
  * Patch level.
@@ -59,7 +59,7 @@
 /**
  * Version string suffix.
  */
-#define SPDK_VERSION_SUFFIX	""
+#define SPDK_VERSION_SUFFIX	"-pre"
 
 /**
  * Single numeric value representing a version number for compile-time comparisons.