diff --git a/docs/release-notes.md b/docs/release-notes.md
index 62a25b354ee78..06523c9a449cf 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -1,5 +1,7 @@
 ## Latest changes
 
+## 0.49.0
+
 * Fix encoding of `pathlib` paths in `jsonable_encoder`. PR [#978](https://github.com/tiangolo/fastapi/pull/978) by [@patrickmckenna](https://github.com/patrickmckenna).
 * Add articles to [External Links](https://fastapi.tiangolo.com/external-links/): [PythonのWeb frameworkのパフォーマンス比較 (Django, Flask, responder, FastAPI, japronto)](https://qiita.com/bee2/items/0ad260ab9835a2087dae) and [[FastAPI] Python製のASGI Web フレームワーク FastAPIに入門する](https://qiita.com/bee2/items/75d9c0d7ba20e7a4a0e9). PR [#974](https://github.com/tiangolo/fastapi/pull/974) by [@tokusumi](https://github.com/tokusumi).
 * Fix broken links in docs. PR [#949](https://github.com/tiangolo/fastapi/pull/949) by [@tsotnikov](https://github.com/tsotnikov).
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index 8697710a4aa04..08c2fb4c8bc08 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__ = "0.48.0"
+__version__ = "0.49.0"
 
 from starlette.background import BackgroundTasks