diff --git a/docs/topics/release-notes.md b/docs/topics/release-notes.md
index 24728a252..63aa4e4a3 100644
--- a/docs/topics/release-notes.md
+++ b/docs/topics/release-notes.md
@@ -40,6 +40,15 @@ You can determine your currently installed version using `pip freeze`:
 
 ## 3.4.x series
 
+### 3.4.6
+
+**Date**: [23rd August 2016][3.4.6-milestone]
+
+* Fix malformed Javascript in browsable API. ([#4435][gh4435])
+* Skip HiddenField from Schema fields. ([#4425][gh4425], [#4429][gh4429])
+* Improve Create to show the original exception traceback. ([#3508][gh3508])
+* Fix `AdminRenderer` display of PK only related fields. ([#4419][gh4419], [#4423][gh4423])
+
 ### 3.4.5
 
 **Date**: [19th August 2016][3.4.5-milestone]
@@ -573,6 +582,7 @@ For older release notes, [please see the version 2.x documentation][old-release-
 [3.4.3-milestone]: https://github.com/tomchristie/django-rest-framework/issues?q=milestone%3A%223.4.3+Release%22
 [3.4.4-milestone]: https://github.com/tomchristie/django-rest-framework/issues?q=milestone%3A%223.4.4+Release%22
 [3.4.5-milestone]: https://github.com/tomchristie/django-rest-framework/issues?q=milestone%3A%223.4.5+Release%22
+[3.4.6-milestone]: https://github.com/tomchristie/django-rest-framework/issues?q=milestone%3A%223.4.6+Release%22
 
 <!-- 3.0.1 -->
 [gh2013]: https://github.com/tomchristie/django-rest-framework/issues/2013
@@ -1090,3 +1100,12 @@ For older release notes, [please see the version 2.x documentation][old-release-
 [gh4403]: https://github.com/tomchristie/django-rest-framework/issues/4403
 [gh4404]: https://github.com/tomchristie/django-rest-framework/issues/4404
 [gh4412]: https://github.com/tomchristie/django-rest-framework/issues/4412
+
+<!-- 3.4.6 -->
+
+[gh4435]: https://github.com/tomchristie/django-rest-framework/issues/4435
+[gh4425]: https://github.com/tomchristie/django-rest-framework/issues/4425
+[gh4429]: https://github.com/tomchristie/django-rest-framework/issues/4429
+[gh3508]: https://github.com/tomchristie/django-rest-framework/issues/3508
+[gh4419]: https://github.com/tomchristie/django-rest-framework/issues/4419
+[gh4423]: https://github.com/tomchristie/django-rest-framework/issues/4423
diff --git a/rest_framework/__init__.py b/rest_framework/__init__.py
index 3f8736c25..d99d82d23 100644
--- a/rest_framework/__init__.py
+++ b/rest_framework/__init__.py
@@ -8,7 +8,7 @@ ______ _____ _____ _____    __
 """
 
 __title__ = 'Django REST framework'
-__version__ = '3.4.5'
+__version__ = '3.4.6'
 __author__ = 'Tom Christie'
 __license__ = 'BSD 2-Clause'
 __copyright__ = 'Copyright 2011-2016 Tom Christie'