diff --git a/ANNOUNCE b/ANNOUNCE
index 74adc76516..a24ae5a43b 100644
--- a/ANNOUNCE
+++ b/ANNOUNCE
@@ -1,14 +1,25 @@
-Release of LyX version 2.0.0 (beta 5)
+Release of LyX version 2.0.0 (release candidate 1)
 ==================================================
 
-We are pleased to announce interim fifth beta release of LyX 2.0.0.
+We are pleased to announce the first release candidate of LyX 2.0.0.
 
-The only purpose of this release is to test new Windows installer
-we have prepared. Other architectures should remain with beta4.
+Since the last beta releases became stable enough for a regular work
+we switched to release candidate, freezed new development and focused
+on bugfixing to make the final release even more polished.
 
+Except usual bugfixing.. 
+
+The file RELEASE-NOTES lists some known issues and problems compared
+to the current stable releases (LyX 1.6). We strongly recommend to read
+this file for packagers of LyX on various platforms and distributions.
+
+As with any major release we come with lot of new features but also
+bugs -- so while we encourage curious users to test this release, people
+who rely on solid and stable application should stay with 1.6 releases.
 Please report the problems and bugs at our lists or bug tracker.
 
-Binaries can be found at ftp://ftp.lyx.org/pub/lyx/devel/
+Tarballs and binaries can be found at ftp://ftp.lyx.org/pub/lyx/devel/
+Note that windows installers might not appear for this release.
 
 LyX 2.0.0 will be culmination of more than two years of hard work
 and you can find an overview of the new features here: