diff --git a/CHANGELOG.md b/CHANGELOG.md
index b9c6526054..481fe9594f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.0.3](https://github.com/Arize-ai/phoenix/compare/v3.0.2...v3.0.3) (2024-02-13)
+
+
+### Bug Fixes
+
+* **trace:** perform library version compatibility on llama_index ([#2272](https://github.com/Arize-ai/phoenix/issues/2272)) ([89bc510](https://github.com/Arize-ai/phoenix/commit/89bc510b66a92a7df85150a6aa3856b4f3818e5e))
+
 ## [3.0.2](https://github.com/Arize-ai/phoenix/compare/v3.0.1...v3.0.2) (2024-02-13)
 
 
diff --git a/src/phoenix/version.py b/src/phoenix/version.py
index 131942e76a..8d1c8625fc 100644
--- a/src/phoenix/version.py
+++ b/src/phoenix/version.py
@@ -1 +1 @@
-__version__ = "3.0.2"
+__version__ = "3.0.3"