diff --git a/CHANGELOG.md b/CHANGELOG.md
index b5d9be073..c9f2a252f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Zappa Changelog
 
+## 0.48.1
+* Fix for an issue where you couldn't update a function if it had been deployed with a version prior to 0.48.0
+* Support for private (VPC-only) API Gateway endpoints
+
 ## 0.48.0
 * Deprecation of zappa.async because async is a reserved word in 3.7, please use zappa.asynchronous
 * Support for Application Load Balancer as an alternative to API Gateway
diff --git a/zappa/__init__.py b/zappa/__init__.py
index 3d9087b97..a65fe4ac4 100644
--- a/zappa/__init__.py
+++ b/zappa/__init__.py
@@ -11,4 +11,4 @@
               'Zappa (and AWS Lambda) support the following versions of Python: {}'.format(formatted_supported_versions)
     raise RuntimeError(err_msg)
 
-__version__ = '0.48.0'
+__version__ = '0.48.1'