diff --git a/django/__init__.py b/django/__init__.py
index 6f3ea7f63c..18700b6f58 100644
--- a/django/__init__.py
+++ b/django/__init__.py
@@ -1,4 +1,4 @@
-VERSION = (1, 4, 6, 'final', 0)
+VERSION = (1, 4, 7, 'alpha', 0)
 
 def get_version(version=None):
     """Derives a PEP386-compliant version number from VERSION."""