diff --git a/CHANGELOG.md b/CHANGELOG.md
index 84f26ce..6d83957 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,10 @@ and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.
 
 ## [Unreleased][]
 
+## [0.8.1][] - 2018-02-17
+### Fixed
+-   Allow backwards compatible parsing of BYTIME rule for existing schedules generated using cocktail pre-0.8.
+
 ## [0.8.0][] - 2018-02-17
 ### Breaking
 -   The `BYTIME` option of `RRULE`s in the iCalendar output is now `X-BYTIME` to better follow the standard's extensions policy
@@ -73,7 +77,8 @@ and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.
 ## 0.0.1 - 2017-09-08
 ### Initial release
 
-[Unreleased]: https://github.com/peek-travel/cocktail/compare/0.8.0...HEAD
+[Unreleased]: https://github.com/peek-travel/cocktail/compare/0.8.1...HEAD
+[0.8.1]: https://github.com/peek-travel/cocktail/compare/0.8.0...0.8.1
 [0.8.0]: https://github.com/peek-travel/cocktail/compare/0.7.0...0.8.0
 [0.7.0]: https://github.com/peek-travel/cocktail/compare/0.6.0...0.7.0
 [0.6.0]: https://github.com/peek-travel/cocktail/compare/0.5.3...0.6.0
diff --git a/lib/cocktail/parser/i_calendar.ex b/lib/cocktail/parser/i_calendar.ex
index 90a6699..4563cf2 100644
--- a/lib/cocktail/parser/i_calendar.ex
+++ b/lib/cocktail/parser/i_calendar.ex
@@ -183,6 +183,9 @@ defmodule Cocktail.Parser.ICalendar do
     end
   end
 
+  # backwards compatible parsing for schedules generated pre-0.8
+  defp parse_rrule_option("BYTIME=" <> times_string), do: parse_rrule_option("X-BYTIME=" <> times_string)
+
   defp parse_rrule_option("X-BYTIME=" <> times_string) do
     with {:ok, times} <- parse_times_string(times_string) do
       {:ok, {:times, times |> Enum.reverse()}}
diff --git a/mix.exs b/mix.exs
index 516c7d1..408516b 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule Cocktail.Mixfile do
   use Mix.Project
 
-  @version "0.8.0"
+  @version "0.8.1"
 
   def project do
     [
diff --git a/test/cocktail/parser/i_calendar_test.exs b/test/cocktail/parser/i_calendar_test.exs
index 75d35db..343bbd3 100644
--- a/test/cocktail/parser/i_calendar_test.exs
+++ b/test/cocktail/parser/i_calendar_test.exs
@@ -2,7 +2,7 @@ defmodule Cocktail.Parser.ICalendarTest do
   use ExUnit.Case
 
   alias Cocktail.Rule
-  alias Cocktail.Validation.{Interval, Day, HourOfDay, MinuteOfHour, SecondOfMinute}
+  alias Cocktail.Validation.{Interval, Day, HourOfDay, MinuteOfHour, SecondOfMinute, TimeOfDay}
 
   import Cocktail.Parser.ICalendar
   import Cocktail.TestSupport.DateTimeSigil
@@ -95,6 +95,17 @@ defmodule Cocktail.Parser.ICalendarTest do
     assert rule.validations[:second_of_minute] == %SecondOfMinute{seconds: [0, 30]}
   end
 
+  test "parse a pre-0.8 schedule with a BYTIME option to an rrule" do
+    schedule_string = """
+    DTSTART:20170810T090000
+    RRULE:FREQ=DAILY;BYTIME=090000,100000,110000
+    """
+
+    assert {:ok, schedule} = parse(schedule_string)
+    assert [%Rule{} = rule] = schedule.recurrence_rules
+    assert rule.validations[:time_of_day] == %TimeOfDay{times: [{9, 0, 0}, {10, 0, 0}, {11, 0, 0}]}
+  end
+
   ##########
   # Errors #
   ##########