diff --git a/CHANGELOG.md b/CHANGELOG.md
index c212438f..79c5c787 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,13 @@
 ## In git
 
-[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.11.2...master)
+[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.11.3...master)
+
+## 1.11.3 (August 31, 2011)
+
+[Full Changelog](http://github.com/myronmarston/vcr/compare/v1.11.2...v1.11.3)
+
+* Fix cassette serialization so that it does not include extra `ignored`
+  instance variable.
 
 ## 1.11.2 (August 28, 2011)
 
diff --git a/lib/vcr/version.rb b/lib/vcr/version.rb
index a3e735d6..cdf71f65 100644
--- a/lib/vcr/version.rb
+++ b/lib/vcr/version.rb
@@ -3,7 +3,7 @@ module VCR
 
   def version
     @version ||= begin
-      string = '1.11.2'
+      string = '1.11.3'
 
       def string.parts
         split('.').map { |p| p.to_i }