diff --git a/CHANGELOG.md b/CHANGELOG.md
index eb6579dab..5d4e6608a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,15 @@
 # Change Log
 
+## [5.3.1] - 2017-12-07
+ - Changes: https://github.com/softlayer/softlayer-python/compare/v5.3.01...master
+ - Added support for storage volume modifications
+
+### Added to CLI
+- slcli block volume-modify
+- slcli file volume-modify
+
 ## [5.3.0] - 2017-12-01
- - Changes: https://github.com/softlayer/softlayer-python/compare/v5.2.15...master
+ - Changes: https://github.com/softlayer/softlayer-python/compare/v5.2.15...v5.3.0
  - Added a retry decorator. currently only used in setTags for VSI creation, which should allos VSI creation to be a bit more robust.
  - Updated unit tests to work with pytest3.3
 
diff --git a/SoftLayer/consts.py b/SoftLayer/consts.py
index 449385698..61bd64abc 100644
--- a/SoftLayer/consts.py
+++ b/SoftLayer/consts.py
@@ -5,7 +5,7 @@
 
     :license: MIT, see LICENSE for more details.
 """
-VERSION = 'v5.3.0'
+VERSION = 'v5.3.1'
 API_PUBLIC_ENDPOINT = 'https://api.softlayer.com/xmlrpc/v3.1/'
 API_PRIVATE_ENDPOINT = 'https://api.service.softlayer.com/xmlrpc/v3.1/'
 API_PUBLIC_ENDPOINT_REST = 'https://api.softlayer.com/rest/v3.1/'
diff --git a/docs/conf.py b/docs/conf.py
index 9ea4cb570..642cf480c 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -55,9 +55,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '5.3.0'
+version = '5.3.1'
 # The full version, including alpha/beta/rc tags.
-release = '5.3.0'
+release = '5.3.1'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index 7c2839f40..765a7c92c 100644
--- a/setup.py
+++ b/setup.py
@@ -14,7 +14,7 @@
 
 setup(
     name='SoftLayer',
-    version='5.3.0',
+    version='5.3.1',
     description=DESCRIPTION,
     long_description=LONG_DESCRIPTION,
     author='SoftLayer Technologies, Inc.',