diff --git a/CHANGELOG.md b/CHANGELOG.md
index 56ebcfefc089..8d4475674603 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,14 +1,10 @@
-## 0.8.0 (unreleased)
-
-NOTE FOR COMMITTERS UNTIL RELEASE: Only changes that are definitely only going
-to be in 0.8 should be placed here. If the change is cherry picked over to
-maint-0.7 for a 0.7.x release, put it in a 0.7 heading.
+## 0.8.0-beta1 (November 11, 2016)
 
 BACKWARDS INCOMPATIBILITIES / NOTES:
 
  * `template_file` _inline_ templates must escape their variable usage. What
       was previously `${foo}` must now be `$${foo}`. Note that this is only
-      for _inline_ templates. Templates read from files are unchanged. [GH-9698]
+      for _inline_ templates. Templates read from files are unchanged. ([#9698](https://github.com/hashicorp/terraform/issues/9698))
  * Escape sequences used to require double-escaping when used within interpolations.
       You now must only escape once (which is the expected/typical behavior).
       For example: `${replace(var.foo, "\\", "\\\\")}` is correct. Before,
@@ -18,39 +14,39 @@ BACKWARDS INCOMPATIBILITIES / NOTES:
 
 FEATURES:
 
- * **New provider:** `nomad` [GH-9538]
- * **New provider:** `vault` [GH-9158]
+ * **New provider:** `nomad` ([#9538](https://github.com/hashicorp/terraform/issues/9538))
+ * **New provider:** `vault` ([#9158](https://github.com/hashicorp/terraform/issues/9158))
  * The `import` command will now read provider configuration from Terraform
-   configuration files (including loading tfvars files and so on). [GH-9809]
+   configuration files (including loading tfvars files and so on). ([#9809](https://github.com/hashicorp/terraform/issues/9809))
  * Providers and resources are now notified by Terraform core to "stop" when
    an interrupt is received, allowing resources to gracefully exit much, much
-   faster. [GH-9607]
+   faster. ([#9607](https://github.com/hashicorp/terraform/issues/9607))
 
 IMPROVEMENTS:
 
-  * core: Human-friendly error when a computed count is used. [GH-10060]
+  * core: Human-friendly error when a computed count is used. ([#10060](https://github.com/hashicorp/terraform/issues/10060))
   * helper/schema: only map, list, and set elements that are actually causing
-      a resource to destroy/create are marked as "requires new". [GH-9613]
+      a resource to destroy/create are marked as "requires new". ([#9613](https://github.com/hashicorp/terraform/issues/9613))
 
 BUG FIXES:
 
-  * core: Escape sequences in interpolations work in every case. [GH-8709]
-  * core: Maps in outputs with computed values are no longer removed. [GH-9549]
-  * command/fmt: Multiline comments aren't indented every fmt. [GH-6524]
+  * core: Escape sequences in interpolations work in every case. ([#8709](https://github.com/hashicorp/terraform/issues/8709))
+  * core: Maps in outputs with computed values are no longer removed. ([#9549](https://github.com/hashicorp/terraform/issues/9549))
+  * command/fmt: Multiline comments aren't indented every fmt. ([#6524](https://github.com/hashicorp/terraform/issues/6524))
 
 ## 0.7.11 (Unreleased)
 
 FEATURES:
 
 IMPROVEMENTS:
- * provider/aws: Expose RDS DB Instance HostedZoneId attribute [GH-10000]
- * provider/aws: Ignore AWS internal tags [GH-7454]
- * provider/azurerm: allow updating load balancer sub-resources [GH-10016]
- * provider/openstack: Instance `user_data` will now detect if input is already Base64-encode [GH-9966]
+ * provider/aws: Expose RDS DB Instance HostedZoneId attribute ([#10000](https://github.com/hashicorp/terraform/issues/10000))
+ * provider/aws: Ignore AWS internal tags ([#7454](https://github.com/hashicorp/terraform/issues/7454))
+ * provider/azurerm: allow updating load balancer sub-resources ([#10016](https://github.com/hashicorp/terraform/issues/10016))
+ * provider/openstack: Instance `user_data` will now detect if input is already Base64-encode ([#9966](https://github.com/hashicorp/terraform/issues/9966))
 
 BUG FIXES:
- * provider/aws: fix the validation of aws_redshift_cluster database_name [GH-10019]
- * provider/aws: Fix panic in aws_acm_certificate datasource [GH-10051]
+ * provider/aws: fix the validation of aws_redshift_cluster database_name ([#10019](https://github.com/hashicorp/terraform/issues/10019))
+ * provider/aws: Fix panic in aws_acm_certificate datasource ([#10051](https://github.com/hashicorp/terraform/issues/10051))
 
 
 ## 0.7.10 (November 9, 2016)
diff --git a/terraform/version.go b/terraform/version.go
index a0762ceae61a..e23fba3cee95 100644
--- a/terraform/version.go
+++ b/terraform/version.go
@@ -12,7 +12,7 @@ const Version = "0.8.0"
 // A pre-release marker for the version. If this is "" (empty string)
 // then it means that it is a final release. Otherwise, this is a pre-release
 // such as "dev" (in development), "beta", "rc1", etc.
-const VersionPrerelease = "dev"
+const VersionPrerelease = "beta1"
 
 // SemVersion is an instance of version.Version. This has the secondary
 // benefit of verifying during tests and init time that our version is a