diff --git a/docs/release-notes.md b/docs/release-notes.md
index 3cfc2aed568c9..cd980cfbb4b25 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -1,5 +1,7 @@
 ## Latest changes
 
+## 0.34.0
+
 * Upgrade Starlette supported range to include the latest `0.12.7`. The new range is `0.11.1,<=0.12.7`. PR [#367](https://github.com/tiangolo/fastapi/pull/367) by [@dedsm](https://github.com/dedsm).
 
 * Add test for OpenAPI schema with duplicate models from PR [#333](https://github.com/tiangolo/fastapi/pull/333) by [@dmontagu](https://github.com/dmontagu). PR [#385](https://github.com/tiangolo/fastapi/pull/385).
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index 3649d81e3a743..40431d717ed67 100644
--- a/fastapi/__init__.py
+++ b/fastapi/__init__.py
@@ -1,6 +1,6 @@
 """FastAPI framework, high performance, easy to learn, fast to code, ready for production"""
 
-__version__ = "0.33.0"
+__version__ = "0.34.0"
 
 from starlette.background import BackgroundTasks