diff --git a/docs/release-notes.md b/docs/release-notes.md
index ad8fbdd27..a87cdc60e 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -1,5 +1,7 @@
 ## Latest changes
 
+## 0.50.0
+
 * Add link to Release Notes from docs about pinning versions for deployment. PR [#1058](https://github.com/tiangolo/fastapi/pull/1058).
 * Upgrade code to use the latest version of Starlette, including:
     * Several bug fixes.
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index 952b35369..313bc5e19 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__ = "0.49.2"
+__version__ = "0.50.0"
 
 from starlette.background import BackgroundTasks