diff --git a/icu4c/readme.html b/icu4c/readme.html
index 8145f21e1aa..c6b7762ed3d 100644
--- a/icu4c/readme.html
+++ b/icu4c/readme.html
@@ -18,7 +18,7 @@
 <hr>
 
 <p>COPYRIGHT: <br>
-Copyright © 1997-1999 International Business Machines Corporation an others. All Rights
+Copyright © 1997-2000 International Business Machines Corporation an others. All Rights
 Reserved.</p>
 
 <hr>
@@ -851,7 +851,7 @@ Internet email to <a href="mailto:icu4c@us.ibm.com">icu4c@us.ibm.com.</a> <br>
 
 <hr>
 
-<p>Copyright © 1997-1999 International Business Machines Corporation an others. All
+<p>Copyright © 1997-2000 International Business Machines Corporation an others. All
 Rights Reserved.<br>
 IBM Center for Java Technology Silicon Valley, <br>
 10275 N De Anza Blvd., Cupertino, CA 95014 <br>
diff --git a/icu4c/source/configure b/icu4c/source/configure
index 5a72a9ca332..fe43dac6283 100755
--- a/icu4c/source/configure
+++ b/icu4c/source/configure
@@ -538,7 +538,7 @@ fi
 
 PACKAGE="icu"
 
-VERSION="1.3.1"
+VERSION="1.4.0"
 
 UNICODE_VERSION="3.0.0"
 
diff --git a/icu4c/source/configure.in b/icu4c/source/configure.in
index 0205195716f..f114b7c7749 100644
--- a/icu4c/source/configure.in
+++ b/icu4c/source/configure.in
@@ -10,7 +10,7 @@ AC_INIT(common/utypes.h)
 AC_CONFIG_HEADER(common/icucfg.h)
 PACKAGE="icu"
 AC_SUBST(PACKAGE)
-VERSION="1.3.1"
+VERSION="1.4.0"
 AC_SUBST(VERSION)
 UNICODE_VERSION="3.0.0"
 AC_SUBST(UNICODE_VERSION)