diff --git a/NEWS b/NEWS
index eda2c3c27..5ad724495 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,18 @@
+New in 0.47
+* Added a command line option to specify --fg-root which will override
+  $FG_ROOT
+* Hard coded default locations for FG_ROOT for situations when nothing
+  is specified.  Unix = /usr/local/lib/FlightGear  Win32 = \FlightGear
+* Restructured the command line processing code so that it can process
+  these sames comands (one per line) out of a config file.
+* Added a command line option to specify field of view.  This is
+  adjustable at run time using "X / x".  Supporting code contributed
+  by Norman Vine.
+
+New in 0.46:
+* Complete C++ re-write of the HUD section.
+* Miscellaneous bug fixes and tweaks.
+
 New in 0.45:
 * Added an option to enable/disable wireframe rendering.
 * Added an option to enable/disable fog/haze.
diff --git a/configure b/configure
index 185a82c74..ac59779e7 100755
--- a/configure
+++ b/configure
@@ -703,7 +703,7 @@ fi
 
 PACKAGE=FlightGear
 
-VERSION=0.46
+VERSION=0.47
 
 if test "`cd $srcdir && pwd`" != "`pwd`" && test -f $srcdir/config.status; then
   { echo "configure: error: source directory already configured; run "make distclean" there first" 1>&2; exit 1; }
diff --git a/configure.in b/configure.in
index d4950d6d1..543b1dd11 100644
--- a/configure.in
+++ b/configure.in
@@ -5,7 +5,7 @@ dnl
 AC_INIT(Simulator/Aircraft/aircraft.c)
 
 dnl Initialize the automake stuff
-AM_INIT_AUTOMAKE(FlightGear, 0.46)
+AM_INIT_AUTOMAKE(FlightGear, 0.47)
 
 dnl Checks for programs.