diff --git a/CMakeLists.txt b/CMakeLists.txt
index 98e7fe143a82d4dbc2945a35328cd1657f4ebdc8..0f332da174c180737583b5a1b23790d83650e670 100755
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -68,7 +68,7 @@ ADD_DEFINITIONS(
 # OTB version number.  An even minor number corresponds to releases.
 SET(OTB_VERSION_MAJOR "3")
 SET(OTB_VERSION_MINOR "2")
-SET(OTB_VERSION_PATCH "0")
+SET(OTB_VERSION_PATCH "1")
 
 
 # Version string should not include patch level.  The major.minor is