diff --git a/srcpkgs/python-setuptools/template b/srcpkgs/python-setuptools/template
index f3064329dd1..72829627545 100644
--- a/srcpkgs/python-setuptools/template
+++ b/srcpkgs/python-setuptools/template
@@ -1,6 +1,6 @@
 # Template file for 'python-setuptools'
 pkgname=python-setuptools
-version=3.2
+version=3.4.2
 revision=1
 wrksrc="setuptools-${version}"
 build_style=python-module
@@ -16,4 +16,4 @@ maintainer="Juan RP <xtraeme@gmail.com>"
 homepage="http://pypi.python.org/pypi/setuptools"
 license="PSF"
 distfiles="http://pypi.python.org/packages/source/s/setuptools/setuptools-$version.tar.gz"
-checksum=326dcc78c7dded31b40261c064b89521155bec760492afec0279ad0cceb97bc5
+checksum=2d7d075c43bc1e2534c31c4ce82c7787aaf57ae9bf8d4b17dfd76563c42c0405