diff --git a/.changes/1.34.1.json b/.changes/1.34.1.json
new file mode 100644
index 0000000000..490b72f47a
--- /dev/null
+++ b/.changes/1.34.1.json
@@ -0,0 +1,67 @@
+[
+  {
+    "category": "``appstream``",
+    "description": "[``botocore``] This release includes support for images of Windows Server 2022 platform.",
+    "type": "api-change"
+  },
+  {
+    "category": "``b2bi``",
+    "description": "[``botocore``] Documentation updates for AWS B2B Data Interchange",
+    "type": "api-change"
+  },
+  {
+    "category": "``billingconductor``",
+    "description": "[``botocore``] Billing Conductor is releasing a new API, GetBillingGroupCostReport, which provides the ability to retrieve/view the Billing Group Cost Report broken down by attributes for a specific billing group.",
+    "type": "api-change"
+  },
+  {
+    "category": "``connect``",
+    "description": "[``botocore``] This release adds support for more granular billing using tags (key:value pairs)",
+    "type": "api-change"
+  },
+  {
+    "category": "``controltower``",
+    "description": "[``botocore``] Documentation updates for AWS Control Tower.",
+    "type": "api-change"
+  },
+  {
+    "category": "``firehose``",
+    "description": "[``botocore``] This release, 1) adds configurable buffering hints for the Splunk destination, and 2) reduces the minimum configurable buffering interval for supported destinations",
+    "type": "api-change"
+  },
+  {
+    "category": "``gamelift``",
+    "description": "[``botocore``] Amazon GameLift adds the ability to add and update the game properties of active game sessions.",
+    "type": "api-change"
+  },
+  {
+    "category": "``iot``",
+    "description": "[``botocore``] This release adds the ability to self-manage certificate signing in AWS IoT Core fleet provisioning using the new certificate provider resource.",
+    "type": "api-change"
+  },
+  {
+    "category": "``neptune-graph``",
+    "description": "[``botocore``] This is the initial SDK release for Amazon Neptune Analytics",
+    "type": "api-change"
+  },
+  {
+    "category": "``opensearch``",
+    "description": "[``botocore``] Updating documentation for Amazon OpenSearch Service support for new zero-ETL integration with Amazon S3.",
+    "type": "api-change"
+  },
+  {
+    "category": "``quicksight``",
+    "description": "[``botocore``] Update Dashboard Links support; SingleAxisOptions support; Scatterplot Query limit support.",
+    "type": "api-change"
+  },
+  {
+    "category": "``workspaces``",
+    "description": "[``botocore``] Updated note to ensure customers understand running modes.",
+    "type": "api-change"
+  },
+  {
+    "category": "``endpoint-rules``",
+    "description": "[``botocore``] Update endpoint-rules client to latest version",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index cd85c91afe..6c7fae7f50 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,24 @@
 CHANGELOG
 =========
 
+1.34.1
+======
+
+* api-change:``appstream``: [``botocore``] This release includes support for images of Windows Server 2022 platform.
+* api-change:``b2bi``: [``botocore``] Documentation updates for AWS B2B Data Interchange
+* api-change:``billingconductor``: [``botocore``] Billing Conductor is releasing a new API, GetBillingGroupCostReport, which provides the ability to retrieve/view the Billing Group Cost Report broken down by attributes for a specific billing group.
+* api-change:``connect``: [``botocore``] This release adds support for more granular billing using tags (key:value pairs)
+* api-change:``controltower``: [``botocore``] Documentation updates for AWS Control Tower.
+* api-change:``firehose``: [``botocore``] This release, 1) adds configurable buffering hints for the Splunk destination, and 2) reduces the minimum configurable buffering interval for supported destinations
+* api-change:``gamelift``: [``botocore``] Amazon GameLift adds the ability to add and update the game properties of active game sessions.
+* api-change:``iot``: [``botocore``] This release adds the ability to self-manage certificate signing in AWS IoT Core fleet provisioning using the new certificate provider resource.
+* api-change:``neptune-graph``: [``botocore``] This is the initial SDK release for Amazon Neptune Analytics
+* api-change:``opensearch``: [``botocore``] Updating documentation for Amazon OpenSearch Service support for new zero-ETL integration with Amazon S3.
+* api-change:``quicksight``: [``botocore``] Update Dashboard Links support; SingleAxisOptions support; Scatterplot Query limit support.
+* api-change:``workspaces``: [``botocore``] Updated note to ensure customers understand running modes.
+* api-change:``endpoint-rules``: [``botocore``] Update endpoint-rules client to latest version
+
+
 1.34.0
 ======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index a167e9f2d0..7206179771 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -17,7 +17,7 @@
 from boto3.session import Session
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.34.0'
+__version__ = '1.34.1'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index 8066a69de9..e2a3d83d1c 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.34.0,<1.35.0
+    botocore>=1.34.1,<1.35.0
     jmespath>=0.7.1,<2.0.0
     s3transfer>=0.9.0,<0.10.0
 
diff --git a/setup.py b/setup.py
index 95f291c07d..938e12ca8a 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 
 requires = [
-    'botocore>=1.34.0,<1.35.0',
+    'botocore>=1.34.1,<1.35.0',
     'jmespath>=0.7.1,<2.0.0',
     's3transfer>=0.9.0,<0.10.0',
 ]