diff --git a/HISTORY.txt b/HISTORY.txt
index 5403d773..55b448b5 100644
--- a/HISTORY.txt
+++ b/HISTORY.txt
@@ -1,3 +1,5 @@
+7.7.4:
+ - Install VCS deps into the virtualenv's src directory, not into the current directory.
 7.7.3:
  - Fix --three on Windows.
 7.7.2:
diff --git a/pipenv/__version__.py b/pipenv/__version__.py
index 2db2214d..7d01bf55 100644
--- a/pipenv/__version__.py
+++ b/pipenv/__version__.py
@@ -3,4 +3,4 @@
 #  //___/ / / / //___/ / //       //   / /  || / /
 # //       / / //       ((____   //   / /   ||/ /
 
-__version__ = '7.7.3'
+__version__ = '7.7.4'