diff --git a/Library/Homebrew/global.rb b/Library/Homebrew/global.rb
index 05fc144e2d..874804370b 100644
--- a/Library/Homebrew/global.rb
+++ b/Library/Homebrew/global.rb
@@ -27,7 +27,7 @@ require 'utils'
 
 ARGV.extend(HomebrewArgvExtension)
 
-HOMEBREW_VERSION = 0.4
+HOMEBREW_VERSION = 0.5
 HOMEBREW_WWW = 'http://bit.ly/Homebrew'
 
 if Process.uid == 0