diff --git a/CMakeLists.txt b/CMakeLists.txt
index df11d9af5..e37602ef1 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,8 +3,8 @@ project(GTSAM CXX C)
 cmake_minimum_required(VERSION 2.6)
 
 # Set the version number for the library
-set (GTSAM_VERSION_MAJOR 2)
-set (GTSAM_VERSION_MINOR 3)
+set (GTSAM_VERSION_MAJOR 3)
+set (GTSAM_VERSION_MINOR 0)
 set (GTSAM_VERSION_PATCH 0)