diff --git a/ChangeLog b/ChangeLog
index 29f4ca78..562129ab 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,5 +1,10 @@
 Thu Jul 25 19:53:31 1996  Roland McGrath  <roland@delasyd.gnu.ai.mit.edu>
 
+	* Version 3.74.7.
+
+	* main.c (define_makeflags): Back up P to point at null terminator
+	when killing final space and dash before setting MFLAGS.
+
 	From Robert Hoehne <robert.hoehne@Mathematik.TU-Chemnitz.DE>:
 	* dir.c [__MSDOS__] [DJGPP > 1]: Include <libc/dosio.h> and defin
 	`__opendir_flags' initialized to 0.
diff --git a/version.c b/version.c
index 733f5db1..29a75d77 100644
--- a/version.c
+++ b/version.c
@@ -1,4 +1,4 @@
-char *version_string = "3.74.6";
+char *version_string = "3.74.7";
 
 /*
   Local variables: