diff --git a/configure.ac b/configure.ac
index a128a2c157..d277a6a93e 100644
--- a/configure.ac
+++ b/configure.ac
@@ -5,7 +5,7 @@ dnl please read gstreamer/docs/random/autotools before changing this file
 dnl initialize autoconf
 dnl releases only do -Wall, cvs and prerelease does -Werror too
 dnl use a three digit version number for releases, and four for cvs/prerelease
-AC_INIT([GStreamer Ugly Plug-ins],[1.2.0],[http://bugzilla.gnome.org/enter_bug.cgi?product=GStreamer],[gst-plugins-ugly])
+AC_INIT([GStreamer Ugly Plug-ins],[1.3.0],[http://bugzilla.gnome.org/enter_bug.cgi?product=GStreamer],[gst-plugins-ugly])
 
 AG_GST_INIT
 
@@ -42,11 +42,11 @@ AC_SUBST(GST_API_VERSION)
 AC_DEFINE_UNQUOTED(GST_API_VERSION, "$GST_API_VERSION",
   [GStreamer API Version])
 
-AS_LIBTOOL(GST, 200, 0, 200)
+AS_LIBTOOL(GST, 300, 0, 300)
 
 dnl *** required versions of GStreamer stuff ***
-GST_REQ=1.2.0
-GSTPB_REQ=1.2.0
+GST_REQ=1.3.0
+GSTPB_REQ=1.3.0
 
 dnl *** autotools stuff ****