diff --git a/Changes b/Changes
index 57790292d..0b4e62124 100644
--- a/Changes
+++ b/Changes
@@ -8,6 +8,12 @@ The changes in each Verilator version are described below.  The
 contributors that suggested a given feature are shown in []. Thanks!
 
 
+Verilator 5.007 devel
+==========================
+
+**Minor:**
+
+
 Verilator 5.006 2022-01-22
 ==========================
 
diff --git a/configure.ac b/configure.ac
index d3be24f47..329d08093 100644
--- a/configure.ac
+++ b/configure.ac
@@ -5,12 +5,12 @@
 # General Public License Version 3 or the Perl Artistic License Version 2.0.
 # SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
 
-# When releasing, also update header of Changes file
+# When releasing, also update header of Changes file,
 # and commit using "devel release" or "Version bump" message
 # Then 'make maintainer-dist'
 #AC_INIT([Verilator],[#.### YYYY-MM-DD])
 #AC_INIT([Verilator],[#.### devel])
-AC_INIT([Verilator],[5.006 2023-01-22],
+AC_INIT([Verilator],[5.007 devel],
         [https://verilator.org],
         [verilator],[https://verilator.org])