diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 00000000..a27cebae
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,104 @@
+# Change Log
+
+## (In Development)
+
+*  Support the `--compile-mbrola` command-line option.
+*  Support the `--compile-phonemes` command-line option.
+*  Support the `--compile-intonations` command-line option.
+*  Support SSML <phoneme alphabet="espeak" ph="..."> tags.
+*  Use -fPIC to support sparc/sparc64 architectures.
+*  Use the system's portaudio header files.
+*  Use the system's sonic library and header files.
+*  Added man files for the `speak-ng` and `espeak-ng` command-line programs.
+*  Output phoneme compilation errors to stderr.
+*  Generate build failures if building phoneme, intonation or dictionary files
+   contain errors.
+
+restructuring:
+
+*  Build the code with a C11 compiler, instead of a C++ compiler.
+*  Moved the library code to `src/libespeak-ng`.
+*  Renamed `espeak` to `espeak-ng`.
+*  Renamed `speak` to `speak-ng`.
+*  Moved the code to build the mbrola voice data, phoneme tables and intonation
+   data to libespeak-ng.
+*  Removed the `espeakedit` program and the associated wxWidgets dependency.
+*  Removed the platforms directory.
+*  Converted the documentation to markdown.
+
+cleanup:
+
+*  Removed unused/empty internal header files.
+*  Removed unused and commented out code.
+*  Reformatted the code to use a consistent style and indentation.
+*  Fixed many GCC and clang warnings.
+
+updated languages:
+
+*  fr (French) -- Thomas Guillory
+*  ga (Irish Gaelic) -- Jim Regan
+*  it (Italian) -- ChrisLeo
+*  lv (Latvian) -- Valdis Vitolins
+
+new languages:
+
+*  mb-br2 (Brazillian Portuguese)
+*  mb-lt1 (Lithuanian) -- embar
+*  mb-lt2 (Lithuanian) -- embar
+*  mt (Maltese)
+*  tn (Setswana)
+*  tt (Tatar)
+
+## Historic
+
+These are a condensed set of releases that were maintained in step with the
+upstream eSpeak releases. The releases containing minor build fixes, or only
+incorporating upstream changes have been ommitted.
+
+### 1.48.11 - 2014-08-31
+
+*  Support building the MBROLA voice files.
+*  mbrola/de6 support for syllabic m and syllabic n.
+
+### 1.47.14 - 2013-12-03
+
+*  Support building with the extended Chinese and Russian dictionary data.
+
+### 1.47.13 - 2013-10-22
+
+updated languages:
+
+*  om (Oromo)
+
+### 1.47.12 - 2013-10-12
+
+*  Added the NVDA voice variants.
+*  Do not crash if `espeak_SetPunctuationList` is called with a NULL
+   punctuation list.
+*  Fix a segfault in `GetTranslatedPhonemeString`.
+
+new languages:
+
+*  om (Oromo)
+
+build:
+
+*  Support the `--with-async` configure option.
+*  Support the `--with-sonic` configure option.
+*  Support the `--with-mbrola` configure option.
+*  Support the `--with-klatt` configure option.
+*  Support the `--with-sada` configure option.
+*  More build improvements.
+
+### 1.46.23 - 2012-09-11
+
+*  Converted the build to use autotools.
+
+### 1.46.11 - 2011-12-31
+
+*  Support building all the voice dictionaries.
+*  More build improvements.
+
+### 1.43.46 - 2010-06-28
+
+*  Initial build changes to make it easier to build espeak on POSIX systems.
diff --git a/README.md b/README.md
index 1d5279d3..253c998d 100644
--- a/README.md
+++ b/README.md
@@ -23,6 +23,9 @@ created by Jonathan Duddington. It uses spectral formant synthesis by default
 which sounds robotic, but can be configured to use Klatt formant synthesis or
 MBROLA to give it a more natural sound.
 
+See the [CHANGELOG](CHANGELOG.md) for a description of the changes in the
+various releases and with the eSpeak project.
+
 ## Build Dependencies
 
 In order to build eSpeak NG, you need:
diff --git a/autogen.sh b/autogen.sh
index bb333b50..62541877 100755
--- a/autogen.sh
+++ b/autogen.sh
@@ -8,7 +8,7 @@ fi
 
 mkdir -p m4
 touch AUTHORS
-touch NEWS
+ln -sf CHANGELOG.md NEWS
 ln -sf README.md README
 
 aclocal -I m4 || exit 1