diff --git a/doc/doc/ReleaseNotes b/doc/doc/ReleaseNotes
index 3098fa3b92..b7cc1d005d 100644
--- a/doc/doc/ReleaseNotes
+++ b/doc/doc/ReleaseNotes
@@ -1,3 +1,13 @@
+------------------------  RELEASE 1.2.2  ------------------------
+
+This is a minor bugfix release.
+
+* Adds 'ppythonw', a version of ppython that doesn't
+  open a console window.
+* If you have a bad fmod DLL in your windows folder,
+  this version compensates.
+* Fixes a small bug in the VRML-to-egg converter.
+
 ------------------------  RELEASE 1.2.1  ------------------------
 
 This release is likely to be much more stable than its predecessors.
diff --git a/dtool/PandaVersion.pp b/dtool/PandaVersion.pp
index d0939d08a0..a36d7033e9 100644
--- a/dtool/PandaVersion.pp
+++ b/dtool/PandaVersion.pp
@@ -3,7 +3,7 @@
 // ppremake scripts for Panda.
 
 // Use spaces to separate the major, minor, and sequence numbers here.
-#define PANDA_VERSION 1 2 1
+#define PANDA_VERSION 1 2 2
 
 // This variable will be defined to false in the CVS repository, but
 // scripts that generate source tarballs and/or binary releases for