diff --git a/pip/__init__.py b/pip/__init__.py
index 5466c5e76..9b4e9069d 100755
--- a/pip/__init__.py
+++ b/pip/__init__.py
@@ -19,7 +19,7 @@ import pip.cmdoptions
 cmdoptions = pip.cmdoptions
 
 # The version as used in the setup.py and the docs conf.py
-__version__ = "1.5.3"
+__version__ = "1.5.4"
 
 
 def autocomplete():