diff --git a/Gemfile.lock b/Gemfile.lock
index 7a07f8b4c..2330e4e5e 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    factory_girl (3.4.0)
+    factory_girl (3.4.1)
       activesupport (>= 3.0.0)
 
 GEM
diff --git a/NEWS b/NEWS
index 8bd65b987..3508bbf22 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,6 @@
+3.4.1 (June 18, 2012)
+  Fix traits so they can be nested and referred to from other traits
+
 3.4.0 (June 11, 2012)
   Sequences support Enumerators
   Optionally disable duplicate assignment of attributes in initialize_with
diff --git a/gemfiles/3.0.gemfile.lock b/gemfiles/3.0.gemfile.lock
index 3ceead2ef..96c3a14e4 100644
--- a/gemfiles/3.0.gemfile.lock
+++ b/gemfiles/3.0.gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: /Users/joshuaclayton/dev/gems/factory_girl
   specs:
-    factory_girl (3.4.0)
+    factory_girl (3.4.1)
       activesupport (>= 3.0.0)
 
 GEM
diff --git a/gemfiles/3.1.gemfile.lock b/gemfiles/3.1.gemfile.lock
index e75dfdc4c..60685bca5 100644
--- a/gemfiles/3.1.gemfile.lock
+++ b/gemfiles/3.1.gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: /Users/joshuaclayton/dev/gems/factory_girl
   specs:
-    factory_girl (3.4.0)
+    factory_girl (3.4.1)
       activesupport (>= 3.0.0)
 
 GEM
diff --git a/gemfiles/3.2.gemfile.lock b/gemfiles/3.2.gemfile.lock
index e7f7eb727..e9005b758 100644
--- a/gemfiles/3.2.gemfile.lock
+++ b/gemfiles/3.2.gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: /Users/joshuaclayton/dev/gems/factory_girl
   specs:
-    factory_girl (3.4.0)
+    factory_girl (3.4.1)
       activesupport (>= 3.0.0)
 
 GEM
diff --git a/lib/factory_girl/version.rb b/lib/factory_girl/version.rb
index 66a644f8a..7ad111b84 100644
--- a/lib/factory_girl/version.rb
+++ b/lib/factory_girl/version.rb
@@ -1,3 +1,3 @@
 module FactoryGirl
-  VERSION = '3.4.0'
+  VERSION = '3.4.1'
 end