diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 6bbdefd5b..154e3850e 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,12 @@
+# Release 3.3.8 - (July 11, 2019)
+
+ * fix some bugs with recent bump fee (RBF) improvements (#5483, #5502)
+ * fix #5491: watch-only wallets could not bump fee in some cases
+ * appimage: URLs could not be opened on some desktop environments (#5425)
+ * faster tx signing for segwit inputs for really large txns (#5494)
+ * A few other minor bugfixes and usability improvements.
+
+
 # Release 3.3.7 - (July 3, 2019)
 
  * The AppImage Linux x86_64 binary and the Windows setup.exe
diff --git a/electrum/version.py b/electrum/version.py
index 19248c702..8c6926337 100644
--- a/electrum/version.py
+++ b/electrum/version.py
@@ -1,5 +1,5 @@
-ELECTRUM_VERSION = '3.3.7'   # version of the client package
-APK_VERSION = '3.3.7.0'      # read by buildozer.spec
+ELECTRUM_VERSION = '3.3.8'   # version of the client package
+APK_VERSION = '3.3.8.0'      # read by buildozer.spec
 
 PROTOCOL_VERSION = '1.4'     # protocol version requested