diff --git a/CHANGELOG.md b/CHANGELOG.md
index 598f5e5794..730cd30ef7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,54 @@
 Change log
 ==========
 
+1.5.0 (2015-10-13)
+------------------
+
+Major Features
+
+-   Compose is now available on windows.
+-   Environment variable can be used in the compose file. See
+    https://github.com/docker/compose/blob/129092b7/docs/yml.md#variable-substitution
+-   Multiple compose files can be specified, allowing you to override
+    setting in the default compose file. See
+    https://github.com/docker/compose/blob/129092b7/docs/reference/docker-compose.md
+    for more details.
+-   Configuration validation is now a lot more strict
+-   `up` now waits for all services to exit before shutting down
+-   Support for the new docker networking can be enabled with
+    the `--x-networking` flag
+
+New Features
+
+-   `volumes_from` now supports a mode option allowing for read-only
+    `volumes_from`
+-   Volumes that don't start with a path indicator (`.` or `/`) will now be
+    treated as a named volume. Previously this was a warning.
+-   `--pull` flag added to `build`
+-   `--ignore-pull-failures` flag added to `pull`
+-   Support for the `ipc` field added to the compose file
+-   Containers created by `run` can now be named with the `--name` flag
+-   If you install Compose with pip or use it as a library, it now
+    works with Python 3
+-   `image` field now supports image digests (in addition to ids and tags)
+-   `ports` now supports ranges of ports
+-   `--publish` flag added to `run`
+-   New subcommands `pause` and `unpause`
+-   services may be extended from the same file without a `file` key in
+    `extends`
+-   Compose can be installed and run as a docker image. This is an experimental
+    feature.
+
+
+Bug Fixes
+
+-   Support all `log_drivers`
+-   Fixed `build` when running against swarm
+-   `~` is no longer expanded on the host when included as part of a container
+    volume path
+
+
+
 1.4.2 (2015-09-22)
 ------------------
 
diff --git a/compose/__init__.py b/compose/__init__.py
index e3ace98356..06897c8448 100644
--- a/compose/__init__.py
+++ b/compose/__init__.py
@@ -1,3 +1,3 @@
 from __future__ import unicode_literals
 
-__version__ = '1.5.0dev'
+__version__ = '1.5.0rc1'
diff --git a/docs/install.md b/docs/install.md
index 2d4d6cadb6..31b2ccad47 100644
--- a/docs/install.md
+++ b/docs/install.md
@@ -53,7 +53,7 @@ To install Compose, do the following:
 7. Test the installation.
 
         $ docker-compose --version
-        docker-compose version: 1.4.2
+        docker-compose version: 1.5.0rc1
 
 
 ## Alternative install options
@@ -75,7 +75,7 @@ to get started.
 Compose can also be run inside a container, from a small bash script wrapper.
 To install compose as a container run:
 
-    $ curl -L https://github.com/docker/compose/releases/download/1.5.0/run.sh > /usr/local/bin/docker-compose
+    $ curl -L https://github.com/docker/compose/releases/download/1.5.0rc1/run.sh > /usr/local/bin/docker-compose
     $ chmod +x /usr/local/bin/docker-compose
 
 ## Master builds
diff --git a/script/run.sh b/script/run.sh
index cf46c143c3..68ee4faa5b 100755
--- a/script/run.sh
+++ b/script/run.sh
@@ -15,7 +15,7 @@
 
 set -e
 
-VERSION="1.5.0"
+VERSION="1.5.0rc1"
 IMAGE="docker/compose:$VERSION"