diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 81718e467..fec1e82bf 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,9 @@
+# Release 2.7.4
+ * Fix private key import in wizard
+ * Fix Ledger display (issue #1961)
+ * Fix old watching-only wallets (issue #1959)
+ * Fix Android compatibility (issue #1947)
+
 # Release 2.7.3
  * fix Trezor and Keepkey support in Windows builds
  * fix sweep private key dialog
diff --git a/lib/version.py b/lib/version.py
index 6059bef2a..bf45d8d8b 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = '2.7.3'  # version of the client package
+ELECTRUM_VERSION = '2.7.4'  # version of the client package
 PROTOCOL_VERSION = '0.10'   # protocol version requested
 
 OLD_SEED_VERSION = 4        # electrum versions < 2.0