diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0190c906..df0e606c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## v4.8.1 (2024-09-09)
+
+### Bug Fixes and Other Changes
+
+ * Added p5 as a supported NCCL instance
+
 ## v4.8.0 (2024-08-14)
 
 ### Features
diff --git a/VERSION b/VERSION
index 40aa077b..697e9939 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-4.8.1.dev0
+4.8.1