diff --git a/CHANGELOG.md b/CHANGELOG.md
index f5b0bcf..0cd891b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,16 @@
+## 2.3.1 - 2019-05-21
+
+This is a patch version release with bug fixes.
+
+### Tools
+
+#### dart2js
+
+* Fixed a bug that caused the compiler to crash when it compiled UI-as-code
+  features within fields (Issue [36864][]).
+
+[36864]: https://github.com/dart-lang/sdk/issues/36864
+
 ## 2.3.0 - 2019-05-08
 
 The focus in this release is on the new "UI-as-code" language features which
diff --git a/tools/VERSION b/tools/VERSION
index f29e6db..b9a33e9 100644
--- a/tools/VERSION
+++ b/tools/VERSION
@@ -32,7 +32,7 @@
 CHANNEL stable
 MAJOR 2
 MINOR 3
-PATCH 0
+PATCH 1
 PRERELEASE 0
 PRERELEASE_PATCH 0
 ABI_VERSION 4