diff --git a/instrumentation/all/CHANGELOG.md b/instrumentation/all/CHANGELOG.md
index 887e71912..9569e29e1 100644
--- a/instrumentation/all/CHANGELOG.md
+++ b/instrumentation/all/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-instrumentation-all
 
+### v0.55.0 / 2024-01-06
+
+* CHANGED: Upgrade Trilogy and Rack [#796](https://github.com/open-telemetry/opentelemetry-ruby-contrib/pull/796)
+
 ### v0.54.0 / 2023-11-28
 
 * ADDED: Updated excon to include connect spans 
diff --git a/instrumentation/all/lib/opentelemetry/instrumentation/all/version.rb b/instrumentation/all/lib/opentelemetry/instrumentation/all/version.rb
index 00e9084e3..5bd2c5d67 100644
--- a/instrumentation/all/lib/opentelemetry/instrumentation/all/version.rb
+++ b/instrumentation/all/lib/opentelemetry/instrumentation/all/version.rb
@@ -7,7 +7,7 @@
 module OpenTelemetry
   module Instrumentation
     module All
-      VERSION = '0.54.0'
+      VERSION = '0.55.0'
     end
   end
 end