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diff --git a/Misc/NEWS b/Misc/NEWS
index 4f1ba30..e17e656 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -1,3 +1,14 @@
+What's New in Python 2.1 alpha 507?
+===================================
+
+Core language, builtins, and interpreter
+
+Standard library
+
+Windows changes
+
+- Build:  Subproject _test (effectively) renamed to _testcapi.
+
 What's New in Python 2.1 alpha 2?
 =================================