diff --git a/Jamrules b/Jamrules
index 3f3b7d4e2..ec3f81b9c 100644
--- a/Jamrules
+++ b/Jamrules
@@ -6,14 +6,14 @@ if ! $(DEFINES)
 }
 
 VERSION_MAJOR  = 0 ;
-VERSION_MINOR  = 4 ;
-# VERSION_STRING = $(VERSION_MAJOR).$(VERSION_MINOR) ;
-VERSION_STRING = 0.5-svn ;
+VERSION_MINOR  = 5 ;
+VERSION_STRING = $(VERSION_MAJOR).$(VERSION_MINOR) ;
+# VERSION_STRING = 0.6-svn ;
 
 DEFINES += VERSION_MAJOR=$(VERSION_MAJOR)
            VERSION_MINOR=$(VERSION_MINOR)
            VERSION_STRING=\\\"$(VERSION_STRING)\\\" ;
-OPTIM    = -O0 ;
+OPTIM    = -O3 ;
 RM       = rm -Rf ;
 
 rule SystemLibraries
diff --git a/NEWS b/NEWS
index 7ec6e58ff..b77caa37f 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,6 @@
 NEWS file for Transmission <http://transmission.m0k.org/>
 
-0.5 (not yet released)
+0.5 (2006/02/11)
  - Only uses one port for all torrents
  - Rewritten choking algorithm
  - Remembers download and upload sizes from one launch to another