diff --git a/docs/release-notes.md b/docs/release-notes.md
index 8071b5da1..e9b8ae333 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -1,5 +1,7 @@
 ## Latest changes
 
+## 0.47.1
+
 * Fix model filtering in `response_model`, cloning sub-models. PR [#889](https://github.com/tiangolo/fastapi/pull/889).
 * Fix FastAPI serialization of Pydantic models using ORM mode blocking the event loop. PR [#888](https://github.com/tiangolo/fastapi/pull/888).
 
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index dfc99d104..f5261586e 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__ = "0.47.0"
+__version__ = "0.47.1"
 
 from starlette.background import BackgroundTasks