diff --git a/gui/include/addresstablemodel.h b/gui/include/addresstablemodel.h
index 189026097..879941433 100644
--- a/gui/include/addresstablemodel.h
+++ b/gui/include/addresstablemodel.h
@@ -35,9 +35,9 @@ public:
     bool removeRows(int row, int count, const QModelIndex & parent = QModelIndex());
 
     /* Add an address to the model.
-       Returns true on success, false otherwise.
+       Returns the added address on success, and an empty string otherwise.
      */
-    bool addRow(const QString &type, const QString &label, const QString &address);
+    QString addRow(const QString &type, const QString &label, const QString &address);
 
     /* Update address list from core. Invalidates any indices.
      */
diff --git a/gui/include/clientmodel.h b/gui/include/clientmodel.h
index 01c0d70fc..d68b34fe9 100644
--- a/gui/include/clientmodel.h
+++ b/gui/include/clientmodel.h
@@ -2,7 +2,9 @@
 #define CLIENTMODEL_H
 
 #include <QObject>
+
 class OptionsModel;
+class AddressTableModel;
 
 class ClientModel : public QObject
 {
@@ -22,6 +24,7 @@ public:
     };
 
     OptionsModel *getOptionsModel();
+    AddressTableModel *getAddressTableModel();
 
     qint64 getBalance();
     QString getAddress();
@@ -34,7 +37,8 @@ public:
     /* Send coins */
     StatusCode sendCoins(const QString &payTo, qint64 payAmount);
 private:
-    OptionsModel *options_model;
+    OptionsModel *optionsModel;
+    AddressTableModel *addressTableModel;
 
 signals:
     void balanceChanged(qint64 balance);
diff --git a/gui/include/editaddressdialog.h b/gui/include/editaddressdialog.h
index dd7766951..6f396d045 100644
--- a/gui/include/editaddressdialog.h
+++ b/gui/include/editaddressdialog.h
@@ -29,7 +29,7 @@ public:
 
     void setModel(AddressTableModel *model);
     void loadRow(int row);
-    void saveCurrentRow();
+    QString saveCurrentRow();
 
 private:
     Ui::EditAddressDialog *ui;
diff --git a/gui/src/addressbookdialog.cpp b/gui/src/addressbookdialog.cpp
index 9b9e9bbc8..35078d3ae 100644
--- a/gui/src/addressbookdialog.cpp
+++ b/gui/src/addressbookdialog.cpp
@@ -14,9 +14,6 @@ AddressBookDialog::AddressBookDialog(QWidget *parent) :
     model(0)
 {
     ui->setupUi(this);
-
-    model = new AddressTableModel(this);
-    setModel(model);
 }
 
 AddressBookDialog::~AddressBookDialog()
@@ -26,6 +23,9 @@ AddressBookDialog::~AddressBookDialog()
 
 void AddressBookDialog::setModel(AddressTableModel *model)
 {
+    /* Refresh list from core */
+    model->updateList();
+
     /* Receive filter */
     QSortFilterProxyModel *receive_model = new QSortFilterProxyModel(this);
     receive_model->setSourceModel(model);
diff --git a/gui/src/addresstablemodel.cpp b/gui/src/addresstablemodel.cpp
index fbb2eb528..1cbc1b5d1 100644
--- a/gui/src/addresstablemodel.cpp
+++ b/gui/src/addresstablemodel.cpp
@@ -191,7 +191,7 @@ void AddressTableModel::updateList()
     endResetModel();
 }
 
-bool AddressTableModel::addRow(const QString &type, const QString &label, const QString &address)
+QString AddressTableModel::addRow(const QString &type, const QString &label, const QString &address)
 {
     std::string strLabel = label.toStdString();
     std::string strAddress = address.toStdString();
@@ -203,7 +203,7 @@ bool AddressTableModel::addRow(const QString &type, const QString &label, const
         {
             if(mapAddressBook.count(strAddress))
             {
-                return false;
+                return QString();
             }
         }
     } else if(type == Receive)
@@ -212,12 +212,12 @@ bool AddressTableModel::addRow(const QString &type, const QString &label, const
         strAddress = PubKeyToAddress(GetKeyFromKeyPool());
     } else
     {
-        return false;
+        return QString();
     }
     /* Add entry and update list */
     SetAddressBookName(strAddress, strLabel);
     updateList();
-    return true;
+    return QString::fromStdString(strAddress);
 }
 
 bool AddressTableModel::removeRows(int row, int count, const QModelIndex & parent)
diff --git a/gui/src/bitcoingui.cpp b/gui/src/bitcoingui.cpp
index ba5b1d99a..599649603 100644
--- a/gui/src/bitcoingui.cpp
+++ b/gui/src/bitcoingui.cpp
@@ -11,6 +11,7 @@
 #include "aboutdialog.h"
 #include "clientmodel.h"
 #include "guiutil.h"
+#include "editaddressdialog.h"
 
 #include "main.h"
 
@@ -239,6 +240,7 @@ void BitcoinGUI::sendcoinsClicked()
 void BitcoinGUI::addressbookClicked()
 {
     AddressBookDialog dlg;
+    dlg.setModel(model->getAddressTableModel());
     dlg.setTab(AddressBookDialog::SendingTab);
     dlg.exec();
 }
@@ -246,6 +248,7 @@ void BitcoinGUI::addressbookClicked()
 void BitcoinGUI::receivingAddressesClicked()
 {
     AddressBookDialog dlg;
+    dlg.setModel(model->getAddressTableModel());
     dlg.setTab(AddressBookDialog::ReceivingTab);
     dlg.exec();
 }
@@ -265,8 +268,17 @@ void BitcoinGUI::aboutClicked()
 
 void BitcoinGUI::newAddressClicked()
 {
-    qDebug() << "New address clicked";
-    /* TODO: generate new address */
+    EditAddressDialog dlg(EditAddressDialog::NewReceivingAddress);
+    dlg.setModel(model->getAddressTableModel());
+    if(dlg.exec())
+    {
+        QString newAddress = dlg.saveCurrentRow();
+        /* Set returned address as new default address */
+        if(!newAddress.isEmpty())
+        {
+            model->setAddress(newAddress);
+        }
+    }
 }
 
 void BitcoinGUI::copyClipboardClicked()
diff --git a/gui/src/clientmodel.cpp b/gui/src/clientmodel.cpp
index 7dcbc576a..497f8dc3d 100644
--- a/gui/src/clientmodel.cpp
+++ b/gui/src/clientmodel.cpp
@@ -2,11 +2,12 @@
 #include "main.h"
 #include "guiconstants.h"
 #include "optionsmodel.h"
+#include "addresstablemodel.h"
 
 #include <QTimer>
 
 ClientModel::ClientModel(QObject *parent) :
-    QObject(parent), options_model(0)
+    QObject(parent), optionsModel(0), addressTableModel(0)
 {
     /* Until we build signal notifications into the bitcoin core,
        simply update everything using a timer.
@@ -15,7 +16,8 @@ ClientModel::ClientModel(QObject *parent) :
     connect(timer, SIGNAL(timeout()), this, SLOT(update()));
     timer->start(MODEL_UPDATE_DELAY);
 
-    options_model = new OptionsModel(this);
+    optionsModel = new OptionsModel(this);
+    addressTableModel = new AddressTableModel(this);
 }
 
 qint64 ClientModel::getBalance()
@@ -128,5 +130,10 @@ ClientModel::StatusCode ClientModel::sendCoins(const QString &payTo, qint64 payA
 
 OptionsModel *ClientModel::getOptionsModel()
 {
-    return options_model;
+    return optionsModel;
+}
+
+AddressTableModel *ClientModel::getAddressTableModel()
+{
+    return addressTableModel;
 }
diff --git a/gui/src/editaddressdialog.cpp b/gui/src/editaddressdialog.cpp
index ddc7292cc..dd0541760 100644
--- a/gui/src/editaddressdialog.cpp
+++ b/gui/src/editaddressdialog.cpp
@@ -54,16 +54,18 @@ void EditAddressDialog::loadRow(int row)
     mapper->setCurrentIndex(row);
 }
 
-void EditAddressDialog::saveCurrentRow()
+QString EditAddressDialog::saveCurrentRow()
 {
+    QString address;
     switch(mode)
     {
     case NewReceivingAddress:
     case NewSendingAddress:
-        if(!model->addRow(
+        address = model->addRow(
                 mode == NewSendingAddress ? AddressTableModel::Send : AddressTableModel::Receive,
                 ui->labelEdit->text(),
-                ui->addressEdit->text()))
+                ui->addressEdit->text());
+        if(address.isEmpty())
         {
             QMessageBox::warning(this, windowTitle(),
                 tr("The address %1 is already in the address book.").arg(ui->addressEdit->text()),
@@ -72,7 +74,11 @@ void EditAddressDialog::saveCurrentRow()
         break;
     case EditReceivingAddress:
     case EditSendingAddress:
-        mapper->submit();
+        if(mapper->submit())
+        {
+            address = ui->addressEdit->text();
+        }
         break;
     }
+    return address;
 }