diff --git a/build/next-release.txt b/build/next-release.txt
index 996f71d3b9..d0149fef74 100644
--- a/build/next-release.txt
+++ b/build/next-release.txt
@@ -1 +1 @@
-1.2-rc3
+1.3.4
diff --git a/configure.in b/configure.in
index 821c939399..992e712e22 100644
--- a/configure.in
+++ b/configure.in
@@ -6,7 +6,7 @@
 AC_INIT([freeswitch], [1.3.2], bugs@freeswitch.org)
 AC_SUBST(SWITCH_VERSION_MAJOR, [1])
 AC_SUBST(SWITCH_VERSION_MINOR, [3])
-AC_SUBST(SWITCH_VERSION_MICRO, [2])
+AC_SUBST(SWITCH_VERSION_MICRO, [3])
 AC_SUBST(SWITCH_VERSION_REVISION, [])
 AC_SUBST(SWITCH_VERSION_REVISION_HUMAN, [])