diff --git a/News.md b/News.md
new file mode 100644
index 0000000..480fed6
--- /dev/null
+++ b/News.md
@@ -0,0 +1,10 @@
+News and Status
+
+# Most Recent News
+
+2007-06-29 Allmydata Tahoe v0.4 released!
+
+This version adds encrypted, mutable directories, so that you can organize your files into directories, change the contents of directories, and share your directories with your friends, without thereby sharing your directories with anyone else (including the owners of the servers that host your directories).
+
+There are also other changes.  More details coming soon.  In fact, it isn't actually released at all yet, but I want to practice writing News and Status entries.
+