diff --git a/LICENSE.BSD b/LICENSE.BSD
new file mode 100644
index 000000000..81c000246
--- /dev/null
+++ b/LICENSE.BSD
@@ -0,0 +1,29 @@
+Copyright (c) 2010, Georgia Tech Research Corporation
+Atlanta, Georgia 30332-0415
+All Rights Reserved
+
+See also README for licensing of 3rd-party code included in GTSAM.
+
+Redistribution and use in source and binary forms, with or without modification, 
+are permitted provided that the following conditions are met:
+
+    * Redistributions of source code must retain the above copyright notice, 
+      this list of conditions and the following disclaimer.
+
+    * Redistributions in binary form must reproduce the above copyright notice, 
+      this list of conditions and the following disclaimer in the documentation 
+      and/or other materials provided with the distribution.
+
+    * Neither the name of the copyright holders nor the names of its contributors 
+      may be used to endorse or promote products derived from this software without 
+      specific prior written permission.
+
+THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS" AND ANY 
+EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES 
+OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT 
+SHALL THE COPYRIGHT HOLDER OR CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, 
+INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED 
+TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, OR PROFITS; OR 
+BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN 
+CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY 
+WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
diff --git a/README.md b/README.md
index 63b87a515..77c592e43 100644
--- a/README.md
+++ b/README.md
@@ -45,9 +45,13 @@ What is GTSAM?
 GTSAM is a library of C++ classes that implement smoothing and
 mapping (SAM) in robotics and vision, using factor graphs and Bayes
 networks as the underlying computing paradigm rather than sparse
-matrices. 
+matrices.
 
-GTSAM is open source under the BSD license, see the `LICENSE` file.
+On top of the C++ library, GTSAM includes a MATLAB interface (enable
+GTSAM_INSTALL_MATLAB_TOOLBOX in CMake to build it). A Python interface
+is under development.
+
+GTSAM is open source under the BSD license, see the `LICENSE.BSD` file.
 
 Please see the `examples/` directory and the `USAGE` file for examples on how to use GTSAM.