diff --git a/CHANGELOG.md b/CHANGELOG.md
index dce6abf..d216607 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,7 @@
 - rename `display_message` -> `echo_message`
 - installing plugins installs just new plugins. Already installed plugins aren't
   updated.
+- add 'update plugin' binding and functionality
 
 ### v0.0.2, 2014-07-17
 - run all *.tmux plugin files as executables
diff --git a/README.md b/README.md
index 166ac06..d1db626 100644
--- a/README.md
+++ b/README.md
@@ -43,13 +43,12 @@ You're good to go! The plugin was cloned to `~/.tmux/plugins/` dir and sourced.
 
 ### Key bindings
 
-TPM provides only 1 key binding: `prefix + I`. Here's what it does:
-
-- clones new plugins from github or any other git repo
-- pulls updates for already installed plugins
+`prefix + I`
+- installs new plugins from github or any other git repo
 - refreshes TMUX environment
 
-After you press `prefix + I`, everything should be up to date.
+`prefix + U`
+- updates plugin(s)
 
 ### List of plugins