diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6a41fbd1c..0e32bd26b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # PowerShell Editor Services Release History
 
+## v3.4.1
+### Thursday, May 19, 2022
+
+- 🐛 🛫 [PowerShellEditorServices #1807](https://github.com/PowerShell/PowerShellEditorServices/pull/1807) - Fix startup bug when zero profiles are present.
+
 ## v3.4.0
 ### Tuesday, May 17, 2022
 
diff --git a/PowerShellEditorServices.Common.props b/PowerShellEditorServices.Common.props
index 949f1bf0f..b769d7069 100644
--- a/PowerShellEditorServices.Common.props
+++ b/PowerShellEditorServices.Common.props
@@ -1,6 +1,6 @@
 <Project>
   <PropertyGroup>
-    <VersionPrefix>3.4.0</VersionPrefix>
+    <VersionPrefix>3.4.1</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Company>Microsoft</Company>
     <Copyright>© Microsoft Corporation.</Copyright>
diff --git a/module/PowerShellEditorServices/PowerShellEditorServices.psd1 b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
index 59647e920..0e1ca72ce 100644
--- a/module/PowerShellEditorServices/PowerShellEditorServices.psd1
+++ b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
@@ -19,7 +19,7 @@ RootModule = if ($PSEdition -eq 'Core')
     }
 
 # Version number of this module.
-ModuleVersion = '3.4.0'
+ModuleVersion = '3.4.1'
 
 # ID used to uniquely identify this module
 GUID = '9ca15887-53a2-479a-9cda-48d26bcb6c47'