diff --git a/CHANGELOG b/CHANGELOG
index 96acfba144..7a438351e0 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,10 @@
+v 1.2.0
+  - new design
+  - user dashboard
+  - markdown support for comments
+  - encoding issues
+  - wall like twitter timeline
+
 v 1.1.0
   - project dashboard
   - wall redesigned
diff --git a/VERSION b/VERSION
index 9084fa2f71..26aaba0e86 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.1.0
+1.2.0