diff --git a/RELEASES.md b/RELEASES.md
index 3b764fd773b6..0c3a735f5186 100644
--- a/RELEASES.md
+++ b/RELEASES.md
@@ -1,3 +1,10 @@
+Version 1.74.1 (2023-12-07)
+===========================
+
+- [Resolved spurious STATUS_ACCESS_VIOLATIONs in LLVM](https://github.com/rust-lang/rust/pull/118464)
+- [Clarify guarantees for std::mem::discriminant](https://github.com/rust-lang/rust/pull/118006)
+- [Fix some subtyping-related regressions](https://github.com/rust-lang/rust/pull/116415)
+
 Version 1.74.0 (2023-11-16)
 ==========================
 
diff --git a/src/version b/src/version
index dc87e8af82f6..80627411dcee 100644
--- a/src/version
+++ b/src/version
@@ -1 +1 @@
-1.74.0
+1.74.1