diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 621f4c59d83..ec658f3db34 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -19,11 +19,11 @@
 #define PY_MAJOR_VERSION	3
 #define PY_MINOR_VERSION	2
 #define PY_MICRO_VERSION	1
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
-#define PY_RELEASE_SERIAL	2
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
+#define PY_RELEASE_SERIAL	0
 
 /* Version as a string */
-#define PY_VERSION      	"3.2.1rc2+"
+#define PY_VERSION      	"3.2.1"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository). Empty
diff --git a/Lib/distutils/__init__.py b/Lib/distutils/__init__.py
index 2602c5074b6..a470ade93e2 100644
--- a/Lib/distutils/__init__.py
+++ b/Lib/distutils/__init__.py
@@ -15,5 +15,5 @@ __revision__ = "$Id$"
 # Updated automatically by the Python release process.
 #
 #--start constants--
-__version__ = "3.2.1rc2"
+__version__ = "3.2.1"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index a437b7b0aaa..3fc5e7f7750 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "3.2.1rc2"
+IDLE_VERSION = "3.2.1"
diff --git a/Misc/NEWS b/Misc/NEWS
index b550cc2136c..c0e354d1727 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -5,10 +5,7 @@ Python News
 What's New in Python 3.2.1?
 ===========================
 
-*Release date: XXXX-XX-XX*
-
-Core and Builtins
------------------
+*Release date: 10-Jul-2011*
 
 Library
 -------
diff --git a/Misc/RPM/python-3.2.spec b/Misc/RPM/python-3.2.spec
index 234caeb04d6..955ca3d6ac0 100644
--- a/Misc/RPM/python-3.2.spec
+++ b/Misc/RPM/python-3.2.spec
@@ -39,7 +39,7 @@
 
 %define name python
 #--start constants--
-%define version 3.2.1rc2
+%define version 3.2.1
 %define libvers 3.2
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index 7fa22887d64..4667a707bc6 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 3.2.1 release candidate 2
-================================================
+This is Python version 3.2.1
+============================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011
 Python Software Foundation.  All rights reserved.