diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 7803658a1f..37a75254a1 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -1,6 +1,8 @@
 1.38.0
 ------
 * [**] Increase tap-target of primary action on unsupported blocks.
+* [**] Add support Reusable blocks (only preview mode).
+* [**] Add Support to Insert Existing Reusable Blocks from the Editor.
 
 1.37.1
 ------
diff --git a/gutenberg b/gutenberg
index c4c5507f63..04ac3050e2 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit c4c5507f63a7fed17429c79a67069c41f1d4e348
+Subproject commit 04ac3050e255ab197fdaa3e5af4a7664926a2017