diff --git a/sdk/servicebus/azure-servicebus/CHANGELOG.md b/sdk/servicebus/azure-servicebus/CHANGELOG.md
index 30150eea91ae0..7354ec46c1305 100644
--- a/sdk/servicebus/azure-servicebus/CHANGELOG.md
+++ b/sdk/servicebus/azure-servicebus/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 7.4.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 7.4.0 (2021-11-09)
 
 ### Features Added
diff --git a/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py b/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
index 810dff03b579a..e54d5f449d7bb 100644
--- a/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
+++ b/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
@@ -3,4 +3,4 @@
 # Licensed under the MIT License.
 # ------------------------------------
 
-VERSION = "7.4.0"
+VERSION = "7.4.1"