diff --git a/CHANGELOG.md b/CHANGELOG.md
index 466e6cb7..8e8fbb1d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -17,9 +17,24 @@ recommendations of [keepachangelog.com](http://keepachangelog.com/).
 
 - None
 
+## 10.3.1 (2019-07-31)
+
+### Breaking Changes
+
+- None
+
+### Added
+
+- None
+
+### Fixed
+
+- None
+
 ### Dependencies
 
-- Allow contributors to install incompatible versions of ActiveRecord.
+- [#1213](https://github.com/paper-trail-gem/paper_trail/pull/1213) - Allow 
+  contributors to install incompatible versions of ActiveRecord.
   See discussion in paper_trail/compatibility.rb 
 
 ## 10.3.0 (2019-04-09)
diff --git a/README.md b/README.md
index d343d80d..e73ff069 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@ are welcome.
 | Version        | Documentation |
 | -------------- | ------------- |
 | Unreleased     | https://github.com/paper-trail-gem/paper_trail/blob/master/README.md |
-| 10.3.0         | https://github.com/paper-trail-gem/paper_trail/blob/v10.3.0/README.md |
+| 10.3.1         | https://github.com/paper-trail-gem/paper_trail/blob/v10.3.1/README.md |
 | 9.2.0          | https://github.com/paper-trail-gem/paper_trail/blob/v9.2.0/README.md |
 | 8.1.2          | https://github.com/paper-trail-gem/paper_trail/blob/v8.1.2/README.md |
 | 7.1.3          | https://github.com/paper-trail-gem/paper_trail/blob/v7.1.3/README.md |
@@ -97,6 +97,9 @@ are welcome.
 | 2              | 2.7-stable | >= 1.8.7 | >= 3.0, < 4   |
 | 1              | rails2     | >= 1.8.7 | >= 2.3, < 3   |
 
+Experts: to install incompatible versions of activerecord, see 
+`paper_trail/compatibility.rb`.
+
 ### 1.b. Installation
 
 1. Add PaperTrail to your `Gemfile`.
diff --git a/lib/paper_trail/version_number.rb b/lib/paper_trail/version_number.rb
index e998b5bb..da89f322 100644
--- a/lib/paper_trail/version_number.rb
+++ b/lib/paper_trail/version_number.rb
@@ -9,7 +9,7 @@ module PaperTrail
   module VERSION
     MAJOR = 10
     MINOR = 3
-    TINY = 0
+    TINY = 1
 
     # Set PRE to nil unless it's a pre-release (beta, rc, etc.)
     PRE = nil