diff --git a/CHANGES.md b/CHANGES.md
index 7ef346f..7897b8f 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -6,9 +6,12 @@ Known issues:
   bug](https://github.com/TooTallNate/node-gyp/issues/65).
 
 
-## 1.7.2 (not yet released)
+## 1.8.0 (not yet released)
 
-(nothing yet)
+- [issue #329, pull #330] Update the 'rotating-file' stream to do a file
+  rotation on initialization if the mtime on the file path indicates the
+  last rotation time was missed -- i.e. if the app wasn't running at the
+  time. (by Paul Milham.)
 
 
 ## 1.7.1
diff --git a/bin/bunyan b/bin/bunyan
index aa7cd17..280f670 100755
--- a/bin/bunyan
+++ b/bin/bunyan
@@ -11,7 +11,7 @@
  * vim: expandtab:ts=4:sw=4
  */
 
-var VERSION = '1.7.2';
+var VERSION = '1.8.0';
 
 var p = console.log;
 var util = require('util');
diff --git a/lib/bunyan.js b/lib/bunyan.js
index f454f43..0493de7 100644
--- a/lib/bunyan.js
+++ b/lib/bunyan.js
@@ -8,7 +8,7 @@
  * vim: expandtab:ts=4:sw=4
  */
 
-var VERSION = '1.7.2';
+var VERSION = '1.8.0';
 
 /*
  * Bunyan log format version. This becomes the 'v' field on all log records.
diff --git a/package.json b/package.json
index a64dde0..164514c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "bunyan",
-  "version": "1.7.2",
+  "version": "1.8.0",
   "description": "a JSON logging library for node.js services",
   "author": "Trent Mick <trentm@gmail.com> (http://trentm.com)",
   "main": "./lib/bunyan.js",