diff --git a/CHANGELOG.md b/CHANGELOG.md
index d12f8a7bd..c1b99a50a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 **Please note that Webpacker 3.1.0 and 3.1.1 has some serious bugs so please consider using either 3.0.2 or 3.2.0**
 
+## [3.3.1] - 2018-03-12
+
+## Fixed
+
+- Use webpack dev server 2.x until webpacker supports webpack 4.x [#1338](https://github.com/rails/webpacker/issues/1338)
+
 ## [3.3.0] - 2018-03-03
 
 ### Added
diff --git a/Gemfile.lock b/Gemfile.lock
index c17740a4e..2e192cd18 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    webpacker (3.3.0)
+    webpacker (3.3.1)
       activesupport (>= 4.2)
       rack-proxy (>= 0.6.1)
       railties (>= 4.2)
diff --git a/lib/webpacker/version.rb b/lib/webpacker/version.rb
index 9e257264a..b618594dd 100644
--- a/lib/webpacker/version.rb
+++ b/lib/webpacker/version.rb
@@ -1,4 +1,4 @@
 module Webpacker
   # Change the version in package.json too, please!
-  VERSION = "3.3.0".freeze
+  VERSION = "3.3.1".freeze
 end
diff --git a/package.json b/package.json
index 043d96ae7..e2335ef4f 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rails/webpacker",
-  "version": "3.3.0",
+  "version": "3.3.1",
   "description": "Use webpack to manage app-like JavaScript modules in Rails",
   "main": "package/index.js",
   "files": [