diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..e2fcd52
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,10 @@
+## ChangeLog for: node-http-proxy
+
+### Version 0.3.1 - 11/22/2010
+- Added node-http-proxy binary script                      (indexzero)
+- Added experimental WebSocket support                     (indutny)
+- Added forward proxy functionality                        (indexzero)
+- Added proxy table for multiple target lookup             (indexzero)
+- Simplified tests using helpers.js                        (indexzero)
+- Fixed uncaughtException bug with invalid proxy target    (indutny)
+- Added configurable logging for HttpProxy and ProxyTable  (indexzero) 
\ No newline at end of file
diff --git a/README.md b/README.md
index 48e76d6..580dddc 100644
--- a/README.md
+++ b/README.md
@@ -39,7 +39,7 @@ There are several ways to use node-http-proxy; the library is designed to be fle
 2. Inside of another HTTP server (like Connect)
 3. In conjunction with a Proxy Routing Table
 4. As a forward-proxy with a reverse proxy 
-5. From the command-line as a proxy daemon
+5. From the command-line as a long running process
 
 See the [demo](http://github.com/nodejitsu/node-http-proxy/blob/master/demo.js) for further examples.