diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 9903e00ba..43c3b79b7 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -15,7 +15,7 @@
    and use a gap limit of 20.
 
  * Support for Multisig wallets using parallel BIP32 derivations and
-   P2SH addresses (2 of 2, 2 of 3).
+   P2SH addresses ("2 of 2", "2 of 3").
 
  * Compact serialization format for unsigned or partially signed
    transactions, that includes the BIP32 master public key and
@@ -27,7 +27,7 @@
    - In the GUI, payment requests are shown in the 'Invoices' tab.
 
  * Two-factor authentication plugin using TrustedCoin's cosigning
-   service. It uses 2 of 3 multisig wallets and Google
+   service. It uses "2 of 3" multisig wallets and Google
    Authenticator. These wallets can be deterministically restored from
    seed without Trustedcoin's server.
 
@@ -49,12 +49,14 @@
  * The 'Send' tab in the Qt GUI supports transactions with multiple
    outputs, and raw hexadecimal scripts.
 
- * The GUI can use the daemon: "electrum -d". The daemon can serve
-   several clients. It times out if no client uses if for more than 5
-   minutes.
+ * The GUI can connect to the Electrum daemon: "electrum -d" will
+   start the daemon if it is not already running, and the GUI will
+   connect to it. The daemon can serve several clients. It times out
+   if no client uses if for more than 5 minutes.
 
- * More watching-only functionality: Create wallets to monitor any 
-   address of choice by entering a list of addresses in the install wizard
+ * The install wizard can be used to import addresses or private
+   keys. A watching-only wallet is created by entering a list of
+   addresses in the wizard dialog.
 
  * New file format: Wallets files are saved as JSON. Note that new
    wallet files cannot be read by older versions of Electrum. Old