diff --git a/README.md b/README.md
index d2a55ce0f..11b7ed7e9 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@ Ethereum
 
 Ethereum Go Client © 2014 Jeffrey Wilcke.
 
-Current state: Proof of Concept 0.5.15.
+Current state: Proof of Concept 0.5.16.
 
 For the development package please see the [eth-go package](https://github.com/ethereum/eth-go).
 
diff --git a/ethereal/ui/gui.go b/ethereal/ui/gui.go
index d8c39e837..e3d3dc2f1 100644
--- a/ethereal/ui/gui.go
+++ b/ethereal/ui/gui.go
@@ -53,7 +53,7 @@ func New(ethereum *eth.Ethereum, session string, logLevel int) *Gui {
 }
 
 func (gui *Gui) Start(assetPath string) {
-	const version = "0.5.0 RC15"
+	const version = "0.5.16"
 
 	defer gui.txDb.Close()